Hyderabad

FIEO keen on hand-holding more export units

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To set up a desk at District Industries Centre

The Federation of Indian Export Organisations (FIEO), in association with District Industries Centres, plans to reach out to more enterprises in Telangana that aspire to get into exports.

“What we plan to do is to set up a desk at the District Industries Centre as a facilitation measure for the enterprises,” said P.T. Srinath, joint director and head of FIEO’s Telangana Chapter.

The desk, to be managed by DIC officials, would extend assistance to the enterprises, primarily small and medium-scale manufacturing units, in applying online for the Import Export Code that is a mandatory document for all exporters. The application for registration-cum-membership of FIEO could also be filed with the desk’s assistance.

“Thereafter, we will be hand-holding, guiding and mentoring [the enterprises],” he said. The FIEO would provide information to enterprises on how to go about exporting, provide them details of the market, prospective buyers as well as offer commercial facilitation. It would also guide them on the banks that would issue Letters of Credit, GST rules, the incentives offered by the DGFT for exports of products, and RBI guidelines.

Saving transaction time and cost would be the objective behind the initiative, he said, pointing out that as a first step, the FIEO had recently conducted a one-day export awareness workshop in the city for the DIC officials. “In the next phase, we will be reaching out to DICs to organise export awareness workshops [there]. Besides the FIEO, these programmes would have Customs and DGFT officials.”

The awareness programme and others proposed by the FIEO come in the backdrop of the rising export potential of Telangana. The State was ranked 5th in the country in terms of exports in the recent Economic Survey. The awareness programme, which was organised in association with the Telangana State Trade Promotion Council, was the first such in the country for sensitising DIC officials.

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Printable version | Jan 26, 2020 4:59:30 PM | https://www.thehindu.com/news/cities/Hyderabad/fieo-keen-on-hand-holding-more-export-units/article22911519.ece

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