Export promotion council of india

EXPORT PROMOTION COUNCIL

INTRODUCTION

SINHGAD COLLEGE OF COMMERCE

PROJECT NAME :- EXPORT PROMOTION COUNCIL

SUBJECT :- EXIM STD :- SYBMS PROF. NAME :- RITIKA HEMDEV

GROUP MEMBERS

NAME ROLL NO.

YOGEH BICHITKAR 05

TEJAS KALE 15

RAKESH KANNOLI 16

RAKESH MALPEDI 23

MAUZZAM AKHTAR 26

ATUL PATHAK 33

BHAVESH SINGH 43

MEANING

Export promotion refers to that policy of the government that offers encouragement to the exporters with a view to enhance the export of the country. In order to achieve this objective they are given numerous incentives and facilitie

BACKGROUND

The Export Promotion Council was established in 1992 under the Companies Act (Chapter 486) to promote Kenya’s exports. 

EPC’s mandate is the promotion of exports by assisting exporters and producers of export goods to overcome bottlenecks in order to achieve higher levels of export performance and foreign exchange earnings thereby enhancing economic growth.

Since then, the activities of the EPC have been geared towards achieving this overall objective.  

Export Promotion Councils

The basic objective of EPCs is to promote and develop the exports of the country.

Each Council is responsible for the promotion of a particular group of products, projects, and services.

The EPCs keep abreast of the trends and opportunities in international markets for goods and services and assist their members in taking advantage of such opportunities in order to expand and diversify exports

Present Position of EPCs

Presently there are twelve EPCs under the administrative control of the department of commerce.

These councils deal with various commodities like basic chemicals and allied products ,cotton textiles , handlooms, apparels, silk , Marine product, carpets ,gems and sports goods ,tobacco, handicrafts ,computer software and so on.

FUNCTION

 To provide commercially useful information and assistance to their members in developing and increasing their exports

To offer professional advice to their members in areas such as technology up gradation, quality and design improvement, standards and specifications, product development, innovation, etc.

To organize visits of delegations of its members abroad to explore overseas market opportunities.

Cont…

To organize participation in trade fairs, exhibitions and buyer-seller meets in India and abroad.

To promote interaction between the exporting community and the Government both at the Central and State levels.

Registration cum-Membership

An exporter may or applicant need to register and become a member of an Export Promotion Council.

On being admitted to membership, the applicant shall be granted forthwith Registration-cum- Membership Certificate (RCMC) of the EPC concerned, subject to such terms and conditions as may be specified in this behalf

Holding the certificate can also help exporters in availing benefits with respect to Customs and Excise.

Cont…

This certificate can be obtained from the Federation of Indian Export Organizations (FIEO) which has been recognized as an Export Promotion Council (EPC) for the purpose of RCMC

issuance.

Service Offered By EPCs

PRODUCT’S

Trade Information . Development of Exporting Skill . Export credit, Insurance & Finance . Trade Policy Facilitation . Market Analysis Tools Export Readiness Assessment

Trade Information

Up-to-date, relevant and timely delivery of export trade information and market intelligence to the exporting business community;

Assessment of trade information needs;

Networking with information generating bodies and business support organizations both local and international to facilitate acquisition of information for exporters;

Development of Exporting Skill

Training needs analysis of the export community in Kenya (current and potential exporters) and identify priority areas for which capacity building is needed;

Creation of a database of institutions and resource persons in Kenya to conduct exporters’ training;

Exporters’ training modules and training materials development in collaboration with identified training institutions;

Train exporters’ trainers;

Export Credit, Insurance &Trade Finance

These are services that are supposed to assist exporters to reduce the costs of production to be able to offer competitive products in the international market.

These services are offered by African Trade Insurance Agency (ATI), the Pan African Export Credit Agency.

Export Promotion Council is Kenya’s liaison office and is responsible for coordinating and disseminating information on the Agency's activities to business community in Kenya. ATI’s main services include:

Cont…

Underwriting cross border trade - sale of goods on credit terms,

Confirmation of Letters of Credit, Underwriting for Finance Lease, Guaranteeing working capital, Guarantee foreign Direct Investment, Underwriting for Political and Credit Risks, Underwriting for losses due to terrorists activities-

damages and business interruptions

Trade Policy Facilitation 

Trade Policy Division offers the following services: 

Internal and external trade policy environment review and recommendation of policy review to enhance export production and competitiveness,

Contribute to trade policy dialogue,

Input to government’s macro-economic, trade and other sectoral policy formulations,

Sector specific surveys on export related activities,

Cont…

Trade flow analysis using the various market analysis tools to identify export opportunities,

Exporters’ and investors’ Road map publication.

The Market Analysis Tools

Providing information on trade barriers in target markets to assist Trade officials and policy-makers in negotiations;

Assist trade support institutions identify and prioritise export sectors, target markets, and develop strategies for export promotion;

Assist exporting firms access relevant information on global, regional or individual country markets and opportunities for market diversification for their products.

Export Readiness Assessment

The Export Fitness Checker takes a firm through five dimensions of business management in its revision of preparations to export. 

These are :- Strategy Marketing Production Distribution Finance Under Business

Cont…

The tool enables the company to identify possible gaps as you prepare to enter a foreign market.

If the company has already started exporting or is in other export development activities, the tool enables them to discover some useful tips

Service Charter

Vision Statement Mission Statement Core values Strategic Goals Quality Policy Statement Complaints, feedback and suggestions

Process

Core values

Customer Focus  Highly motivated, trained and committed

staff  Efficient and quality service delivery  Professionalism and Teamwork Transparency and Accountability

Strategic Goals

To facilitate consolidation, expansion and diversification of Kenya's export markets for goods and services

To expand the country’s export basket through identification of new exportable products and provide support for market entry

To enhance Kenya's export competitiveness through product development, adaptation and value addition

Cont…

To enhance exporting skills and create awareness

To enhance cooperation with other trade support institutions and the private sector

Quality Policy Statement

The Export Promotion Council is committed to develop and promote Kenya's exports of goods and services and harmonies export related activities by ensuring that its services meet and exceed the expectations of its stakeholders by seeking to understand their needs and requirements, which are communicated to all Council employees for continuous

improvement of its services.

Complaints, feedback and suggestions Process

The Council welcomes clients to give feedback regarding the services received and any complaints where clients are not satisfied with the service rendered. Stakeholders may submit their complaints through writing via letter, fax, email, or over telephone. 

Complaints, the Council commits to the following: 

To handle complaints professionally and in confidence

To acknowledge receipt of complaints within three (3) working days

To resolve complaints and duly inform the complainant of the outcome within 30 days of receipt. Where the issue requires a longer period to resolve, Council commits to give feedback on the reasons for the delay and the extension required

To facilitate monthly requests of client evaluation of services through customer satisfaction questionnaires and annual surveys

List of Export Promotion Councils

Agricultural and processed Food Products Export Development Authority (APEDA)

Apparel Export Promotion Council

Basic Chemicals , Pharmaceuticals & Cosmetics Export Promotion Council

The Sports Goods Export Promotion Council

Export Promotion Council for Handicrafts

The Cotton Textiles Export Promotion Council

REFERENCE

http://www.epckenya.org

http://wiki.answers.com/Q/Meaning_of_export_promotion

http://www.aepcindia.com/corporate-

http://wiki.answers.com/Q/Meaning_of_export_promotion

AKNOWLEDGMENT

We are thanks to our Prof. Ritika Hemdev for giving us such kind of opportunity to do the Presentation or Project on EXPORT PROMOTION COUNCIL (EPC).