Thursday, February 21, 2013

India’s exports touched $303.7 billion - Mr. V. Sashi Koomar, AGM, ECGC

The Federation of Andhra Pradesh Chambers of Commerce and Industry in association with The Export Credit Guarantee Corporation of India Ltd jointly organized a 3 Day Training Program on ‘Export Marketing: Procedure & Documentation’ on 21st February 2013 at Federation House, Red Hills, Hydrabad.

Mr. V. Sashi Koomar, Asst. General Manager, ECGC of India Ltd, Mr. A. Subrahmanyam, DGM & Regional Head, EXIM Bank of India, Mr. Srinivas Ayyadevara, Senior Vice President, FAPCCI, Mr. Shiv Kumar Rungta, Vice President, FAPCCI, Mr. Shyam Sunder Pasari, Chairman, International Trade Committee are the key speakers at the training programme.

Mr. V. Shashi Koomar said that the India’s exports surpassed the target of $300 billion for 2011-12 and touched $303.7 billion, despite problems in Europe and the US.  Imports during the year shot up by 32.1 per cent to $488.6 billion, leaving highest-ever trade deficit of $184.9 billion. US and Europe together account for over 65 per cent of the country’s total exports.  Exporting sectors that registered a healthy growth in 2011-12 include engineering, petroleum and its products besides gems and jewellery.  Based on these encouraging numbers, the country has set an ambitious merchandise export target of $500 billion for 2013-14.

Mr. A. Subrahmanyam, DGM & Regional Head, EXIM Bank of India said that the ‘Export Marketing: Procedure & Documentation’ is really a commendable in that sense starting from how to do export business, international trade/documents, Foreign Exchange Management Act, Inco terms, availing finance from banks both for pre and post shipment, availing credit insurance and other export related organizations.

Mr. Devendra Surana said that the Most SMEs need easier access to new or modern technologies abroad, technology support facilities and easier access to finance, including technology finance, besides marketing information and incentives for training and skills development. Further, differentiated policies and mechanisms are needed for SMEs in different sectors, stages of their development, nature of operations.  We at FAPCCI are continuously working and conducting series of export awareness programs.  In this context, we request the ECGC & EXIM Bank to extend their support in creating awareness programs on exports at district levels.

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