Seminar on ‘Effective Export Management Practices’ at Chennai
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Mr. M Saikumar, Addl. Export Commissioner & Zonal Jt. DGFT addressing the inaugural session. On the dais, from left are, Mr. R Asokan, Mr. S.Ramanathan, Mr. J M Kennedy and Mr. S Raghavan, Secretary, Southern India Chamber of Commerce and Industry. |
Effective handling of export activities from sourcing of raw materials up to realization of proceeds is vital in international trading. Keeping this in view, the Southern Region Office of FIEO in association with Southern India Chamber of Commerce & Industry organized a one-day Seminar on ‘Effective Export Management Practices’ on 17th March 2007 at Chennai. Southern India Chamber of commerce and Industry and Hong Kong and Shanghai Banking Corporation Limited (HSBC) also joined with FIEO as co-organisers of the event and Export Credit Guarantee Corporation of India Ltd. and SME Rating Agency of India Limited also associated with the Federation in organizing the Seminar.
Addressing about 150 exporter participants, Mr. S. Ramanathan, President, Southern India Chamber of commerce & Industry informed that the cumulative value of exports for the period April-January 2007 was Rs.451167.67 crore as against Rs.331771.01 crore during the same period last year, indicating a growth of 32.22%. Foreign Director Investment (FDI) inflows into India during December 2006 registered an unprecedented increase of 480% over the inflows in December 2005. The Index of Industrial Production (IIP) in December 2006 went upto 11.1% over the corresponding month of the previous year. Manufacturing sector, which has an almost 80% weightage in the Index, went upto 11.9%. With this, he said the overall IIP has grown between April-December 2006 by 10.8% over the previous year, when during this period last year, 8% rate of growth was recorded.
Mr. Ramanathan further informed that the growth rate in manufacturing accelerated from 8.7 percent to 9.1 per cent and further to 11.3 percent. The services sector continues to maintain impressive growth and has recorded, in the last two years, a growth rate of 9.6 percent and 11.2 percent respectively, he added.
Advising the participants Mr. Ramanathan said that international business management dealt with professional handling of international trade from negotiating trade deals to expediting transactions. "From a simple marketing activity, export marketing has now become an integral part of trade and economic linkages between different countries and to become a successful exporter, one has to keep in mind various elements," he continued.
Earlier Mr. Saikumar, Zonal Jt. DGFT while inaugurating the Seminar informed that the policy and procedures both in Foreign Trade Policy as well as customs procedures had been simplified to a large extent in the past and the Government was still fine-tuning to make them more user-friendly. "Almost all information regarding policy and procedures, statistical information, etc., are available through Internet and facilities to file on-line applications were now being appreciated by the exporting community," he said. Mr. Saikumar, however, admitted that compared to our competing countries, the interest rates and other transaction costs were higher in India but he said the government was trying its best to reduce the transaction cost.
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Mr. J.M. Kennedy, Additional Commissioner of Customs made a detailed power point presentation on the ‘Latest Customs Procedures on Exports and Imports’ through EDI. He insisted the participant exporters to utilize the EDI facility offered by Customs. Prof. P.S.R. Moorthy, Dean (R&D), PG Department of College of D. B. Jain College, Chennai and Mr. P.G. Jayaraman, Director, Indus Products made presentations on ‘Effective Strategy for Export Marketing’. Mr. Mr. Muffadal Bhagat, Relationship Manager, HSBC made a presentation on ‘Export Finance, Foreign Exchange Risk Management and Export Factor’. |
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A View of the participants |
Mrs. S. Vasantha, Branch Manager, ECGC, Mr. Virendra goyal of SME Rating Agency Ltd., Mr. B. Srinivas, Director, PPP Infotech Ltd. and Mr. T.K. Pandian, Management Consultant also made presentations on Export Credit Risk Management, Advantages of SME Rating, Effective E-Marketing and B2B and Cost Management Practices in Exports respectively. Towards the end, Mr. R. Asokan, Jt. Director, FIEO (SR) proposed the vote of thanks.
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Tips of International Trading
by S. Ramanathan, President, Southern India Chamber of commerce & Industry
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Centre for SME Studies of Indian Institute of Foreign Trade announces
ONE-DAY SEMINAR ON NEW UCP 600: CHANGES AND OPPORTUNITIES during June 2007 at IIFT NEW DELHI CAMPUS.
The program aims at Compliance management of commercial and financial documents being used by the transaction parties in international trade and Disputes arising out of misinterpretation, misunderstanding and misapplication of practices relating to the L/C system. Beneficiaries would include exporters, importers, insurance sectors, companies, lawyers dealing with international business.
Registration fee: Rs. 3000/- only per candidate. Applications are invited on immediate basis at smerc@iift.ac.in. Centre plans to provide FREE COPIES of UCP 600 commentary by Prof. Harkirat Singh, Senior Consultant, IIFT to the first few entries, and give handholding support to select participants for the next 6 months in handling documentary credit transaction.
For more details please visit http://www.smeiift.com |
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EC pledges 8 million Euros for EU-India Joint Action Plan The European Commission pledges 8 million Euros for EU-India Action Plan Support Facility Programme (APSF) as per the agreement signed between Head of Delegation of the European Commission to India, Bhutan and Nepal, Ambassador Francisco da Câmara Gomes and India’s Joint Secretary in the Ministry of Finance, Mr. Kumar Sanjay Krishna at New Delhi on 2nd March 2007. The APSF will provide support to policy dialogues in the key sectors of environment (e.g. waste, climate change), energy (e.g. clean technologies, energy efficiency and renewable energies), education (Contemporary Study Centres), employment, labour issues and social policy (e.g. skills, training and employment issues), industry policy and business co-operation (e.g. investment opportunities, industrial standards, etc.). The APSF is going to be implemented over a period of 4 years, laying the foundation for further possible actions foreseen under the next programming period of EU-India Co-operation. |
