New Delhi, April 24 -- In a strategic move to bolster India's global trade footprint, the Reserve Bank of India (RBI) has relaxed export regulations for Indian businesses operating through 'Bharat Mart', a forthcoming logistics hub in the United Arab Emirates (UAE).
Announced on April 23, 2025, the RBI's directive permits Indian exporters to repatriate the full value of goods sold from Bharat Mart warehouses within nine months of the sale date.
This adjustment aims to streamline financial operations for exporters, enhancing their cash flow and operational efficiency.
Furthermore, Indian exporters possessing a valid Importer Exporter Code (IEC) can now establish or lease warehouses within Bharat Mart without prior conditions.
Banks are...
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