"The D&B Rating not only enhances an organization's ability to access finance easily, but also helps it establish its credibility on a global platform. The signing of this MOU reiterates Dun & Bradstreet's commitment to facilitating the interface between Texprocil Members and global customers and buyers. We are pleased to partner with an organization of the stature of TEXPROCIL and look forward to a long and fruitful association."
This association will also provide Texprocil members access to Export Marketing Solutions from D&B, in addition to D&B's various global publications like Country Reports, Exporters Encyclopedia, etc. at subsided rates, thus helping them identify potential global customers.
Benefits of obtaining a D&B Rating:
• Easier Access to Finance: A D&B Rating enhances a company's ability to access finance from banks and financial institutions.
The Indian Banking Association (IBA) has endorsed this scheme and has communicated the same to its members. Several banks have signed an MOU with D&B, offering interest rate benefits to companies with a good D&B rating.
• Global Acceptability: A D&B rating helps a business establish credibility on a global platform and provides easy access to global markets.
• Affordable: The scheme makes Ratings affordable to SSIs since 75% of the rating fees are subsidised.
• Global Listing: Provides the business with an opportunity to get listed in D&B's global database of over 106 million companies, one of the world's largest B2B trade facilitators.
• Validation: Leading global companies insist on a D&B rating in order to authenticate /validate their prospective and existing suppliers.
• Credibility: Companies globally examine D&B reports before making collaboration and equity investment decisions.
Dun & Bradstreet has rated the maximum number of SSI units under the NSIC-D&B Performance & Credit Rating Scheme since its inception.
The Cotton Textiles Export Promotion Council
marketing@alchempro.com
