Various representatives from the banking and finance sector spoke on the e-commerce in the metal industry and showed their confidence on the platform.
 

Speaking about metal trading at the event, Mr. DevangRawal, Executive Vice President & Head – Corporate Finance at Aditya Birla Finance Ltd., stated, “Conventional way of trading in metal has moved away from physical to web based. Transformation in metal as well as banking industry needs to take place.”
 

He mentioned that e-platform for metal trading can guarantee credibility to the entire trade by providing a complete fairness, a complete transparency between the buyer and seller and what is being traded, which is very important for finance provider. Offering finance to legitimate trades will become easier.
 

Also present during the session were Engr. Salam Sharif, BIR Chairman of Amb. Comm, BMR and President & Chairman of Sharif Metals International, Mr. Justin Roux – Senior Vice President – Luvata Group, Mr. DevangRawal, Executive Vice President & Head – Corporate Finance at Aditya Birla Finance Ltd , Mr. SuneelMardia, CEO – Mtlexs and Mrs. Saloni V. Kothari, COO – Mtlexs.
 

Speaking at the Banking session of the World Non-Ferrous Conference BadreshPathak, Senior President & Head – Business Banking, YES Bank, gave his comments on the e-marketplace MTLEXSSPOT, launched by Mtlexs in collaboration with NeML and also spoke about financing for the MSMEs.
 

Speaking about the e-commerce, he stated, “Yes Bank is glad that the industry is moving in this direction. International trade will be dealt in this manner in future”.
 

He further stated e-commer platforms offer transactional convenience and Yes Bank has a lot of experience in dealing in online trade. Banks would definitely be there to support the e-commerce ecosystem. He mentioned that Yes Bank is glad to fund on Mtlexsspot.
 

Speaking about financing for MSMEs, he stated that Indian Economy is in a bright spot due to MSMEs. Demand is slowing in China and Eurozone, still India is fastest growing in all emerging economies.
 

He mentioned that the MSMEs should focus on increasing transparency and credibility in dealing with banks so banks can easily take a decision on providing finance.
 

Also speaking on the occasion was Mr. Justin Roux – Senior Vice President – Luvata Group, explained historical significance of India in commerce industry. He futher spoke about the future of metal industry which will be driven by the rise in human population and improvement in standard of living. He mentioned that India has better prospects than China. He mentioned the need for innovative non-ferrous metal ecosystem in India and stated that the conference is the first great step towards in that regard.