This document outlines various export promoting institutions in India. The key institutions discussed are Export Promotion Councils (EPCs), which promote specific commodities and register exporters, Commodity Boards which promote traditional exports, the Federation of Indian Export Organizations (FIEO) which acts as the apex body, the Indian Institute of Foreign Trade (IIFT) which trains professionals in foreign trade, and Special Economic Zones (SEZs) which are duty-free enclaves deemed as foreign territory for trade. These institutions aim to facilitate and boost India's export sector through various functions like market research, export promotion events, and acting as a liaison between exporters and the government.
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Export Promoting Institutes
This document outlines various export promoting institutions in India. The key institutions discussed are Export Promotion Councils (EPCs), which promote specific commodities and register exporters, Commodity Boards which promote traditional exports, the Federation of Indian Export Organizations (FIEO) which acts as the apex body, the Indian Institute of Foreign Trade (IIFT) which trains professionals in foreign trade, and Special Economic Zones (SEZs) which are duty-free enclaves deemed as foreign territory for trade. These institutions aim to facilitate and boost India's export sector through various functions like market research, export promotion events, and acting as a liaison between exporters and the government.
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EXPORT PROMOTING INSTITUTES
Prepared and presented by: Vikas
EXPORT PROMOTING INSTITUTIONS ARE AS FOLLOW: Export Promotion Council(EPCs) Export Promotion Council(EPCs) for Services Commodity Boards(CBs) Federation of India Export Organizations (FIEO) Indian Institute of Foreign Trade(IIFT) Indian Institute of packaging(IIP) Indian Council of Arbitration(ICA) Indian Trade Promotion organization(ITPO) Special Economic Zones(SEZs)
EXPORT PROMOTION COUNCIL(EPCS) EPCs are non-profit organization registered under the Companies Act or the Societies Registration Act. EPCs shall be autonomous and regulate their own affairs They supported by the financial assistance from the Central Government. At present 27EPCs are dealing various commodities According to the new EXIM policy monetary help depend on: Effective discharge of the functions assigned to them Democratization of the membership of the EPCs Democratic elections of office bearers of the EPCs being held regularly Timely audit of the accounts of the EPCs
FUNCTIONS OF EXPORT PROMOTION COUNCIL: Registration of exporters and issue of Registration-cum-Membership Certificate(RCMC) Acting as a link between the government and members Sponsoring and inviting business delegations, sales teams and study teams Distribution and disbursement of raw material and marketing assistance Fixation of floor price or minimum export price or recommendations Arranging or participating in buyer-seller meets, exports or trade fairs and exhibitions Foreign publicity through schemes like Joint Foreign Publicity(JFP) Allocation of export quota EXPORT PROMOTION COUNCIL FOR SERVICES Until now, service exporters are required to register with the Federation of Indian Exporters Organization(FIFO) and software exporters with the Electronic and Software Export Promotion Council To give proper direction, guidance and encouragement to the services sector an exclusive Export Promotion Council for Services has been proposed under Foreign Trade Policy 2004-09 Include all the 161 tradable services covered under the General Agreement on Trade in Services(GATS)
FUNCTIONS OF THE SERVICE EXPORT PROMOTION COUNCIL
o Map opportunities for key services in key markets and develop strategies o Co-ordinate with sectoral players in undertaking intensive brand building and marketing programmes o Make necessary interventions with regard to policies, procedures and bilateral/multilateral issues COMMODITY BOARDS(CBS) Commodity Boards are specially established by the government of India for the promotion of some of the traditional commodities of exports having high export potentials. These boards are supplementary to the Export Promotion Councils(EPCs) Export Promotion Council Commodity Boards Look after the export promotion of non- traditional items like engineering goods, computers, and chemicals. Look after the export promotion of primary and traditional items of exports
EPCs are registered under the Companies Act Commodity boards are statutory body EPCs are concerned only with the promotion & exports of their respective products. Commodity boards also encompass the development and production of the respective commodity and domestic marketing. FUNCTION OF COMMODITY BOARDS To take active interest in production, development and exports of respective commodity. To introduce new methods of cultivation of commodities. To offer advice to the government on export matters such as fixing quota for exports and significant trade agreements. To provide trade information, guidance and various other services to their members and help them in their export promotion efforts. To participate in trade fairs and exhibitions abroad. To sponsor trade delegations and conduct market surveys. To arrange pre-shipment inspection for export items. FEDERATION OF INDIAN EXPORT ORGANIZATIONS (FIEO) Federation of Indian Export Organization(FIEO) is an apex body of various export promotion organizations. It was set up in October 1965. FIEO works as a partner of the government of India to promote Indian exports.
Functions of Federation of Indian Export Organization(FIEO) :
International Linkage
Dissemination of Information
Liaisoning with the government
Market Development Assistance(MDA)
Market Research and Development Department
Publicity Department INDIAN INSTITUTE OF FOREIGN TRADE(IIFT) o Indian Institute of Foreign Trade was set up in 1963 by the Government of India as an autonomous body registered under the Societies Registration Act. o It was set up with the prime objective of professionalizing the countrys foreign trade management and increase exports by developing human resource, generating, analyzing and disseminating data and conducting research.
Functions of Indian Institute of Foreign Trade:
Training Collects and supplies Information Organises Seminars and Workshops Trade Delegations Publications Research and Consulting Management Development Programmes
INDIAN INSTITUTE OF PACKAGING(IIP) o Indian Institute of Packaging was set up in 1966 as a National Institute jointly by Ministry of Commerce, Government of India and the Indian Packaging Industry.
o Its headquarter and principle laboratory at Mumbai and regional laboratories at Kolkata, Delhi and Chennai.
o It is a training-cum-research institute pertaining to packaging and testing.
Functions of Indian Institute of Packaging(IIP):
Training Programmes
Testing Facilities
UN Certification
Environmental Cell Research and Development
International Recognition
Collection and Dissemination of Information
International Membership Cont.. INDIAN COUNCIL OF ARBITRATION(ICA) Indian Council of Arbitration(ICA) was set up on15th April, 1965 as autonomous non-profit organization registered under the Societies Registration Act, 1860.
It was set up in accordance to the recommendation of the Committee on Commercial Arbitration constituted by the Ministry of Commerce, Government of India.
The main objective of the council is to promote the use of commercial arbitration, particularly in the course of Indias export trade.
ICA is a member of the Federation of International Commercial Arbitral Institution and has mutual co-operation agreements with the International Court of Arbitration, the London Court of Arbitration. FUNCTIONS OF INDIAN COUNCIL OF ARBITRATION a) The council provides arbitration facilities for all types of domestic and international commercial disputes.
b) Its uses its network of offices for conciliation of international trade complaints received from Indian and foreign parties, for non-performance of contracts or non-compliance with arbitration awards.
c) It organises arbitration meetings, conferences, training programmes, etc., for company, executive, businessmen, lawyers, arbitrators, etc., from time-to-time in different parts of the country.
d) It conducts research and publishes informative literature on different aspects of commercial arbitration, including a quarterly Arbitration Journal. CONTD.. e) It provides information and advice to interested parties regarding the drafting of trade contracts, arbitration law and facilities and disputes settlement procedures in India and in other parts of the world.
f) It keeps abreast of the latest developments, in the field if international commercial arbitration and maintains co-operative links with national and international arbitration bodies throughout the world. INDIAN TRADE PROMOTION ORGANIZATION (ITPO) Indian trade Organization(ITPO) was set-up by the Ministry of Commerce, Government of India, on 1 st January, 1992 with its headquarter in New Delhi after the merger of Trade Development Authority(TDA) and Trade Fair Authority of India(TFAI).
ITPO provides a broad spectrum of services to trade and industry , help in export and technological up gradation and modernization of different industry segments.
FUNCTIONS OF ITPO a) Organizes Trade Fairs and Exhibitions
b) Involves the State Governments
c) Assists in Technological Up-gradation and Product Development
d) Helps in establishing Overseas Contacts e) Other Service: To identify and nurture export products with long-range growth prospects. To participate in overseas trade fairs and exhibitions. To organize seminars, conferences and workshops. To conduct need based research on trade and export promotion. To encourage and involve small and medium scale units in export promotion efforts. SPECIAL ECONOMIC ZONES(SEZS)
Special Economic Zones(SEZs) is a specially delineated duty free enclave, which shall be deemed to be a foreign territory for the purposes of trade operations and duties and tariffs.
Special Economic Zones(SEZs) Schemes in India was conceived by the Commerce and Industry Minister Murasloi Maran during a visit to special Economic Zones in 1999 and announced at the time of annual review of EXIM Policy effective from 1.4.2000.
The Government has converted Export Processing Zones into a special Economic Zones. THE MAIN OBJECTIVES OF THE SEZ (a) Generation of additional economic activity (b) Promotion of exports of goods and services; (c) Promotion of investment from domestic and foreign sources; (d) Creation of employment opportunities; (e) Development of infrastructure facilities; FEATURES OF SPECIAL ECONOMIC ZONES(SEZS) Establishment of SEZ