TEXPROCIL signs MoU with D&B

MUMBAI: The Cotton Textiles Export Promotion Council (TEXPROCIL) has signed an MoU with Dun and Bradstreet Information Services (D&B) to offer credit rating facilities to its members.

Under the terms of the MoU, D&B will offer the 'NSIC-D&B Performance and Credit Rating' and the 'D&B Business Scope Rating' to SSI and non-SSI members of TEXPROCIL, a release issued on Tuesday said.

The MoU will provide TEXPROCIL members with the globally accepted D&B rating at a special rate. They will also receive D&B's globally recognised Data Universal Numbering System Number along with the rating, the release said.

"The D&B rating not only helps an organisation establish its credibility on a global platform, but also enhances its ability to access finance easily," Dun & Bradstreet India's Chief Operating Officer, Kaushal Sampat, said.

TEXPROCIL's Chairman Prem Malik said "these ratings will provide an edge to Indian textile exporters over their competitors in exporting their products into global markets and will also help in enhancing credibility with banks, customers, suppliers and collaborators."