Professional Documents
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11 - Chapter 3 PDF
11 - Chapter 3 PDF
Present Institutional
Infrastructure For
Export Promotion
In India
40
3.1 INTRODUCTION
and export activities and handle export and import problems relating to
different commodities for the purpose of supplementing the exports of
private institutions in the field of export promotion and export
management.
At the sixth and last level various export promotion bodies set up by
the state government are functioning for export promotion purchases.
5 Economic Division.
8-K.U. U«WB
ACC. NolP84'=^-
(all. No.
42
2 Commodity Boards.
which is responsible for evolving and directing foreign trade policy and
in India4.
44
This division looks after the work relating to the development of trade
with different countries and regions of the world including trade negotiations,
trade delegations trade missions. This division handles matters pertaining to
import export trade policy and control in respect of India’s trade interests5.
2 ECONOMIC DIVISION.
This division looks after the state trading activities and evaluates
the performance of STC, MMTC, and its subsidiaries. With a view to
supplementing the efforts of the private enterprises in the field of
foreign trade, a number of public sector trading corporations have been
set up by tHe Government, namely, the jstate Trading Corporation of
India, and Minerals and Metals Trading Corporation.(MMTC).
1. To arrange for exports where bulk handling and long term contracts
are advantageous.
6 ECONOMIC DIVISION
A rising from the need for closer association of the trade in the
evolution of export promotion strategies, various commodity
organizations have also been established in the country. Most important
among these are export promotion councils and commodity boards12.
2. COMMODITY BOARDS
DEVELOPMENT AUTHORITY
1. It provides training of high standard, short term and long term for
executives and personnel employed in trade and industry export houses,
export organizations. Government departments, Government trade
corporations .and Indian Embassies and consulates abroad. Such training
programmes are run by this institute for developing specialization in
technical methods and in international trade.
2. The Institute sponsors can debates selected form industry and trade,
export houses, Government departments, trade corporations E.T.C. for
higher training abroad in export management and export techniques to
acquire first hand knowledge of the techniques and procedures adopted
by advanced countries in export marketing.
process.
With the view of minimizing the risk element in export business and
to facilitate the flow of finance from the banks to exporters, Export
credit Guarantee Corporation was established. In addition to the normal
risk policies the corporation assists the exporters through special
schemes, such as packing credit guarantee, post shipment credit
guarantee and Export finance guarantee. It is wholly owned by the
Government of India and works on no profit - no loss basis. To suit the
varying needs of the exporters. The corporation provides different types
63
groups.
The E.C.G.C bears the main brunt of the risk and pays the exporter
90 percent of his loss on account of ‘commercial ‘risks and political
risks.
manner.
65
REFERENCES
2. Ibid.
3. Ibid.
4. Ibid.
5. Ibid.
6. Ibid. '
7. Ibid.
8. Ibid.
9. Ibid.
10. Ibid.
11. Ibid.
12. Ibid.
13. Ibid.
14. Ibid.
15. Ibid.
16. Ibid.
17. Ibid.
18. Ibid.
19. Ibid.
21. Ibid.
22. Ibid.
23. Ibid.
24. Ibid.
66
25. Ibid.
26. Ibid.
27. Ibid.
28. Ibid.
29. Ibid.
30. Ibid.