Home / Knowledge / News / Operating Lease Product to boost growth of SMEs
Operating Lease Product to boost growth of SMEs
18
Jan '08
Chairman and CEO of Amembal & Associates, Sudhir Amembal, while speaking to reporters said that introduction of a new lease-financing product called 'Operating Lease' can be an effective way for small firms to operate businesses.

Sudhir Amembal is an IFC consultant and one of the world's prominent leasing experts. His company is a world leader in lease education, consultancy and publications.

His services have been engaged by IFC-SEDF in alliance with the Bangladesh Leasing & Finance Companies Association. During his stay in Bangladesh he will be evaluating the situation for the introduction of the product by the finance companies.

CEO added 'Operating Lease' allows the use of an asset, but does not convey rights similar to its ownership. The main feature of the new lease product lies in its less collateral obligation and will cost less than other available lease financing products.

He also said, "The operating lease product has gained popularity in most emerging markets in Latin America, Asia and African countries over the last 3 – 4 years. This finance will provide Bangladesh's airline, textile and heavy industry an opportunity to get equipments with less collateral obligation and cost."

According to him it was suitable for growing sectors like textiles, aviation, ready-made garments and transport in Bangladesh. He further noted, "Operating lease is a wonderful means to finance those SME's who often are afraid to go to a bank for seeking a loan or lack in financial strength to draw attention of the bankers.

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search