FIEO opens office in Northeast
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| Mrs. Lingdoo, cutting the ribbon. Others from left are: Mr. Myrboh, MD, MIDC; Mr. T.K. Chakraborty, Director of Industries, Megalaya; Mr. S.K. Bhattacharya, ED, CAPEXIL; & Mr. Tapan Chattopadhyay, DDG, FIEO. |
FIEO’s Northeast Chapter was inaugurated on 19 June at Shillong by a prominent exporter of the region, Mrs. E.R.M. Lingdoo. Mr. Myrboh, Managing Director, MIDC; Mr. T.K. Chakraborty, Director of Industries, Govt. of Megalaya; Mr. S.K. Bhattacharya, Executive Director, CAPEXIL; and Mr. Tapan Chattopadhyay, Dy. Director General, FIEO were present on the occasion.
Many exporters of the region who joined the inaugural ceremony pointed out that despite the region having a great export potential, export activity was not picking up mainly because of lack of awareness among the exporters about marketing opportunities and the policy incentives. They further pointed out that exports from the region were also plagued by high transaction cost as export activities were scattered over a large geographical tract. These exporters, mainly representing handicrafts, readymade garments and furniture, said "We visited some of the international tradeshows in the hope of getting export orders and we did manage to clinch a few good orders, but eventually, we could not move through because of high transaction cost and lack of logistic support." The exporters hoped that the Federation would stress on creating export infrastructure in the region and would guide them to ship their goods at competitive cost.
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Mr.T.K. Chakraborty, Director of Industries, Govt. of Megalaya addressing the exporters. |
Many lady entrepreneurs from Assam who were present on the occasion requested FIEO to help them showcase their products in some of the exhibitions held in Mumbai, Ahmedabad and Goa during the month of September and October (Navaratri & Diwali) at one go.
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Interactive Session on Export Credit, Hedging Options & ECGC
FIEO is organizing an Interactive Session on ‘Export Credit, Hedging Options & ECGC’ at New Delhi in the second/third week of August. The Session will deliberate on various problems related to export credit such as high cost of credit, selective benefit of reduced export credit rates by two percentage points, bottlenecks in export facilitation measures announced by RBI, various options available to exporters to secure their export receivables etc.
Senior representatives from the Reserve Bank of India (RBI), Indian Banks’ Association (IBA) and ECGC have been invited. You are requested to send your suggestions/views, if any, to enable us prepare a comprehensive document for meaningful interaction. |
