Standard Capital Markets (SCML) has incorporated a wholly-owned subsidiary in the Dubai International Financial Centre (DIFC). This strategic move aims to strengthen the company's foothold in the Middle East and African markets, with a particular focus on expanding its offerings in trade finance, invoice discounting and project finance. The establishment of the Dubai-based subsidiary is a part of SCML’s ongoing efforts to diversify its services and expand its presence beyond the Indian market.
By entering the Middle East and African regions, the company aims to tap into the growing demand for trade finance solutions, which are essential for businesses seeking to enhance cash flow, optimize working capital, and mitigate risks in international trade. The subsidiary, subject to the approval of the Reserve Bank of India (RBI), will operate in full compliance with the legal and regulatory frameworks set forth by the DIFC and the Indian government. The expansion into these high-potential regions is expected to enable SCML to offer more comprehensive and innovative financial solutions to clients involved in cross-border trade.
Standard Capital Markets is a Non-Banking Financial Company.
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|---|---|
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