RXIL is a joint initiative of NSE and SIDBI and is one of the three TReDS platforms licensed by the RBI for invoice discounting. Kailashkumar Varodia is a veteran in the factoring services space, having spent over 16  years in the market and almost 19 years in the banking sector. Varodia responds to NITI Aayog's recent statement on TReDS being unable to take off, ways to improve TReDS' performance, etc.