4
th Seminar on Strategic Export Management |
FIEO and Citibank jointly organised 4th seminar on "Strategic Export Management" on 18th July at Hyderabad. About 60 exporters joined the Seminar. Earlier three seminars were organized at Bangalore, Chennai and Cochin. Mr. Prayaga Subrahmanyam, General Manager, Foreign Exchange Department, RBI, Hyderabad in his inaugural address explained the role of the Central Bank in assisting exporters to avoid pitfalls, especially while dealing with financial institutions. He advised the exporters to have a forex risk management policy in place to avoid falling prey to speculative deals. He requested banks to help their exporting clients evolve sound foreign exchange risk |
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Mr. Prayaga Subrahmanyam, General Manager, Foreign Exchange Department, RBI, Hyderabad addressing the participants. On the dais, from left, Mr. R Asokan, Jt. Director, FIEO(SR); Mr. Amit Diwan, Branch Head, Citi Bank, Hyderabad; Mr. Anirban Banerjee, Asst. Vice President, Citi Bank, Mumbai; and Mr. Gautam Dass, Asst. Vice President, Treasury-Sales, Citi Bank, Mumbai. |
management policy. He also took the opportunity to explain the salient features of EEFC account.
Mr. Amit Diwan, Branch Head, Citibank, Hyderabad in his special said the success of trading in the foreign exchange market depends critically on how well the exporter assesses, prices and manages the risk and on its ability to limit losses from particular transactions and keep its overall exposure controlled.
In the wake of high volatility of Indian rupee, said Mr. Diwan, right exposure to various tools like options, derivatives etc. would help exporters a lot. He advised the exporters to use various forex risk management tools to safeguard their business interests.
During the technical session, Mr. Anirban Banerjee, Asst. Vice President, Citibank, Mumbai, made a presentation on Trade Finance covering various services offered by his bank to importers and exporters. He elaborated on regulations governing trade such as UCP 600, pre-shipment and post-shipment finance, LC negotiation/discounting, discrepancies in LC, checklists etc.
Mr. Gautam Dass, Asst. Vice President, Treasury-Sales, Citibank, Mumbai, explained common forex terms like cash marking, forward contracts, options etc. in the context of international trade.
Mr. Mahesh Patha, Relationship Manager, Citibank, Hyderabad, explained about various financial products including special products for SSI. He explained credit analysis and sanction process in detail.
Dr. Murali Darshan, Faculty, Indian Institute of Foreign Trade (IIFT), New Delhi encapsulated the dynamically changing international market scenario in wake of globalization and emerging trade blocks while making presentation on Export Market Planning. He stressed upon the need of ethical practices in international business on one hand and intelligent use of technology on the other to expand Indian export markets abroad.
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Dear Readers, We have been trying to keep you regularly abreast with the activities undertaken by FIEO through FIEO NEWS. Attempts are also made to provide information on policy changes, market trends, and various burning issues of the export industry. We are looking for your valuable inputs on how to make FIEO NEWS more reader-friendly. We also look for your views, observations and experiences about the export-industry for publishing in FIEO NEWS. We especially request you to contribute features on export-related issue, which we shall be more than happy to publish in our bulletin with due acknowledgment. Editor FIEO NEWS E-mail: fieo@nda.vsnl.net.in |
