Foreign trade promotion in india by NIMSME professor.

1. Foreign Trade Promotion

2. Support Organizations
• Promote Foreign trade
– Trade fairs
– Education and research
– Arbitration
– Inspection
• Financing and Guarantee
– EXIM Bank
– ECGC

3. ITPO
• India Trade Promotion Organization
– Ministry of Commerce agency
– Holds international trade fair in India
– Auto Expo, bi-annual event held in Delhi
– Trade centers existing
• Pragati Maidan, New Delhi
• EPIP Whitefield, Bangalore
• Chennai Trade Center
• Proposed center in Guwahati for NE India
– Buyer-seller meets, conferences, seminars
– Trade fairs abroad

4. IIFT
• Indian Institute of Foreign Trade
– Set up in 1963 by the Government of India
– Located in Delhi and Kolkata
– An autonomous organisation to help professionalize
the country's foreign trade management
– Increase exports by developing human resources;
generating, analysing and disseminating data; and
conducting research.
– Today it is one of India's most prestigious business
schools
– Offers MBA programs, PhD, PG diplomas and
international exchange programs

5. ICA
• Indian Council of Arbitration
– Set up as a registered society
– Promotes settlement of disputes for traders
– Guarantee institution of the department of
commerce
– Eligible for MDA scheme
– Located in Delhi

6. FIEO
• Federation of Indian Export
Organizations
– Represents Indian
entrepreneurs
– Set up in 1965 by public-
private partnership
– Export awareness workshops
– Pre-policy meetings
– Open house discussions

7. EIC
• Export Inspection Council of India
– Set up under Section 3 of the Export
(Quality Control and Inspection) Act,
1963
– Advisory body to GoI
• Notify commodities which will be subject to
quality control / inspection prior to export
• Establish standards of quality for such notified
commodities
• Specify the type of quality control/inspection
to be applied to such commodities

8. EIC roles
• Consignment-wise inspection
• IPQC systems
• Self certification
• Food Safety management
• Pre-shipment certification
• Recognized internationally as the official
export certification body of India

9. ECGC
• Export Credit and Guarantee Corporation
– Established in 1957
– Under administrative control of Commerce Ministry
– Provides a range of credit risk insurance covers to
exporters against loss in export of goods and services
– Offers guarantees to banks and financial institutions to
enable exporters to obtain better facilities from them
– Provides Overseas Investment Insurance to Indian
companies investing in joint ventures abroad in the form of
equity or loan

10. ECGC
• Offers insurance protection to exporters against
payment risks
• Provides guidance in export-related activities
• Makes available information on different countries
with its own credit ratings
• Makes it easy to obtain export finance from
banks/financial institutions
• Assists exporters in recovering bad debts
• Provides information on credit-worthiness of
overseas buyers

11. SMERA-
SME rating Agency Of INDIA limited
• SMERA is the country's first Rating agency that
focuses primarily on the Indian Micro, Small and
Medium Enterprise (MSME) segment.
• SMERA's primary objective is to provide Ratings
that are comprehensive, transparent and
reliable. This would facilitate greater and easier
flow of credit from the banking sector to MSMEs.

12. Cgtmse
Credit guarantee fund trust for micro and small enterprises
• The main objective is that the lender should give importance to
project viability and secure the credit facility purely on the primary
security of the assets financed. The other objective is that the
lender availing guarantee facility should endeavor to give composite
credit to the borrowers so that the borrowers obtain both term loan
and working capital facilities from a single agency. The Credit
Guarantee scheme (CGS) seeks to reassure the lender that, in the
event of a MSE unit, which availed collateral free credit facilities,
fails to discharge its liabilities to the lender, the Guarantee Trust
would make good the loss incurred by the lender up to 75 / 80/
85 per cent of the credit facility.

13. DGFT
Directorate general of foreign trade