Indian importers face funding crunch with clampdown on credit guarantees – Reuters


Indian importers face funding crunch with clampdown on credit guarantees
Reuters
Importers, already hurt by a sharp hike in import duties in February on goods ranging from iPhones to Zippo lighters and Ray-Bans to Fitbits, now face an even bigger setback, they warn. “This kills small traders who are pledging property to get LoUs ...

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