FIEO Press Release 📰
Exports in June yet again rose amidst challenging ongoing geo-political and rising global uncertainties: FIEO President, Dr A Sakthivel
Reacting to monthly Trade Data for June 2022, FIEO President, Dr A Sakthivel said that exports of USD 40.13 billion with a growth of 23.52 percent, yet again indicates the strength of the export sector amidst challenging ongoing geo-political and rising global uncertainties. While growth of over 24 percent with USD 118.96 billion exports during the first quarter of FY 22-23, shows the commitment and hard work of exporters to achieve newer and newer remarkable milestones.
FIEO President said that the top sectors, which led the exports growth during the month were Petroleum Products, Gems & Jewellery, Electronic Goods, RMG of all Textiles, Rice, Engineering Goods and Organic & Inorganic Chemicals etc. Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.
FIEO Chief also reiterated that the benefits of the newly signed FTAs and the PLI Scheme will further help us in building as we continue to move ahead during the fiscal.
Imports growth of over 57 percent is of concern and has been mainly on account of Petroleum Products; Coal, Coke and Briquettes; Gold; Electronic Goods; Organic and Inorganic Chemicals and Artificial resins, plastic materials etc. which may be looked into. However, he added that rising imports of gold may lead to impressive gems & jewellery exports in the coming months. Crude prices have also added to the import bill of Petroleum Products, thereby to the import basket of the country.
FIEO President is of the view that though the government has announced a slew of measures to support exports, however, there is a need to further push value-added exports, augment container manufacturing, developing an Indian Shipping Line of global repute, increase the validity of RoSCTL and RoDTEP scrips to 24 months and link transferability with realisation, extend RoDTEP to EOUs, SEZ and Advance Authorisation, expand usages of RoDTEP and RoSCTL scrips and logistics support for the sector looking at the higher freight cost.
***
Exports in June yet again rose amidst challenging ongoing geo-political and rising global uncertainties: FIEO President, Dr A Sakthivel
Reacting to monthly Trade Data for June 2022, FIEO President, Dr A Sakthivel said that exports of USD 40.13 billion with a growth of 23.52 percent, yet again indicates the strength of the export sector amidst challenging ongoing geo-political and rising global uncertainties. While growth of over 24 percent with USD 118.96 billion exports during the first quarter of FY 22-23, shows the commitment and hard work of exporters to achieve newer and newer remarkable milestones.
FIEO President said that the top sectors, which led the exports growth during the month were Petroleum Products, Gems & Jewellery, Electronic Goods, RMG of all Textiles, Rice, Engineering Goods and Organic & Inorganic Chemicals etc. Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.
FIEO Chief also reiterated that the benefits of the newly signed FTAs and the PLI Scheme will further help us in building as we continue to move ahead during the fiscal.
Imports growth of over 57 percent is of concern and has been mainly on account of Petroleum Products; Coal, Coke and Briquettes; Gold; Electronic Goods; Organic and Inorganic Chemicals and Artificial resins, plastic materials etc. which may be looked into. However, he added that rising imports of gold may lead to impressive gems & jewellery exports in the coming months. Crude prices have also added to the import bill of Petroleum Products, thereby to the import basket of the country.
FIEO President is of the view that though the government has announced a slew of measures to support exports, however, there is a need to further push value-added exports, augment container manufacturing, developing an Indian Shipping Line of global repute, increase the validity of RoSCTL and RoDTEP scrips to 24 months and link transferability with realisation, extend RoDTEP to EOUs, SEZ and Advance Authorisation, expand usages of RoDTEP and RoSCTL scrips and logistics support for the sector looking at the higher freight cost.
***
Disclaimer by FIEO ⚠️
While we encourage healthy interaction among the members of the FIEO Telegram Group, we request everyone of you to kindly observe at most caution while sharing your business or financial details with others, like you do on any other social media platforms.
FIEO Telegram Group and Channel are open forums and anyone with the public link can join these platforms. Therefore, you must do your own due diligence before taking an action based on the information you receive from the other members in this group.
Even impersonating as FIEO on Telegram or any other Social Media platforms is not difficult. So always speak to couple of FIEO Officers on the phone numbers provided on FIEO Website www.fieo.org before remitting any amount to FIEO for Membership, Events or Trade Fairs.
Please Stay Safe! Stay Alert! Always be Vigilant.
While we encourage healthy interaction among the members of the FIEO Telegram Group, we request everyone of you to kindly observe at most caution while sharing your business or financial details with others, like you do on any other social media platforms.
FIEO Telegram Group and Channel are open forums and anyone with the public link can join these platforms. Therefore, you must do your own due diligence before taking an action based on the information you receive from the other members in this group.
Even impersonating as FIEO on Telegram or any other Social Media platforms is not difficult. So always speak to couple of FIEO Officers on the phone numbers provided on FIEO Website www.fieo.org before remitting any amount to FIEO for Membership, Events or Trade Fairs.
Please Stay Safe! Stay Alert! Always be Vigilant.
Exhibit Your Products at India Pavilion in ROMMEDICA, an International Trade Fair for Medical Instruments and Equipment's from Oct 13-15, 2022 in Romania.
Limited Booths under Subsidised Cost available!
Know More
Limited Booths under Subsidised Cost available!
Know More
To promote exports from Karnataka, the Embassy of India in Italy along with FIEO has taken the lead to mount a Business Delegation from Karnataka to Italy from Sept 27-29, 2022. B2B meets shall be organised at Rome as well as other clusters based on the interest of delegation.
Know More
Know More
https://youtu.be/jxlorEn3Gqc
Dr Ajay Sahai, DG & CEO, FIEO talks with Mr. Vishal Dahiya from Sansad TV on its special episode on Perspective : Global Trade Local Currency
Dr Ajay Sahai, DG & CEO, FIEO talks with Mr. Vishal Dahiya from Sansad TV on its special episode on Perspective : Global Trade Local Currency
YouTube
Perspective: Global Trade Local Currency | 12 July, 2022
The Reserve Bank of India has announced an arrangement for the country's traders to settle imports and exports in rupees. This move is aimed at promoting growth of global trade with emphasis on exports from India and to support the increasing interest of…
FIEO Channel 🔊 pinned «Disclaimer by FIEO ⚠️ While we encourage healthy interaction among the members of the FIEO Telegram Group, we request everyone of you to kindly observe at most caution while sharing your business or financial details with others, like you do on any other…»
FIEO Channel 🔊 pinned «Disclaimer by FIEO ⚠️ While we encourage healthy interaction among the members of the FIEO Telegram Group, we request everyone of you to kindly observe at most caution while sharing your business or financial details with others, like you do on any other…»
Vote for FIEO 🗳 under Institutional Game Changer category
FIEO has been deemed nominated for TIOL National Taxation Award 2022 under the category Institutional Game Changer by the reputed jury. The next process is to get maximum voting from public in our favour to become eligible for Gold/ Silver awards.
This is a very prestigious nomination, as we have been listed along with GSTN, NSDL, NIC, Aadhaar etc. We need our members best efforts to get maximum Voting in our favour. You may submit the Voting form through the Link: https://tiolawards.in/support/ and rating may be given 5* for all fields immediately / before closing of the office hours on Tuesday, the 19th July, 2022.
More importantly you may also request your friends / known members / other organisations etc. to Vote for FIEO by submitting the form as per above link.
We thank you for your kind support.
FIEO has been deemed nominated for TIOL National Taxation Award 2022 under the category Institutional Game Changer by the reputed jury. The next process is to get maximum voting from public in our favour to become eligible for Gold/ Silver awards.
This is a very prestigious nomination, as we have been listed along with GSTN, NSDL, NIC, Aadhaar etc. We need our members best efforts to get maximum Voting in our favour. You may submit the Voting form through the Link: https://tiolawards.in/support/ and rating may be given 5* for all fields immediately / before closing of the office hours on Tuesday, the 19th July, 2022.
More importantly you may also request your friends / known members / other organisations etc. to Vote for FIEO by submitting the form as per above link.
We thank you for your kind support.
TIOL Awards 2022
Vote to Deemed Nominations - TIOL Awards 2022
TIOL Awards are here to recognize the Nation building contribution of every entity in the Indian Tax ecosystem.Support you friends & other Nominators here
Members who have still not voted, we once again request you to Vote for FIEO 🗳 under Institutional Game Changer category
FIEO has been deemed nominated for TIOL National Taxation Award 2022 under the category Institutional Game Changer by the reputed jury. The next process is to get maximum voting from public in our favour to become eligible for Gold/ Silver awards.
This is a very prestigious nomination, as we have been listed along with GSTN, NSDL, NIC, Aadhaar etc. We need our members best efforts to get maximum Voting in our favour. You may submit the Voting form through the Link: https://tiolawards.in/support/ and rating may be given 5* for all fields immediately / before closing of the office hours on Tuesday, the 19th July, 2022.
More importantly you may also request your friends / known members / other organisations etc. to Vote for FIEO by submitting the form as per above link.
We thank you for your kind support.
FIEO has been deemed nominated for TIOL National Taxation Award 2022 under the category Institutional Game Changer by the reputed jury. The next process is to get maximum voting from public in our favour to become eligible for Gold/ Silver awards.
This is a very prestigious nomination, as we have been listed along with GSTN, NSDL, NIC, Aadhaar etc. We need our members best efforts to get maximum Voting in our favour. You may submit the Voting form through the Link: https://tiolawards.in/support/ and rating may be given 5* for all fields immediately / before closing of the office hours on Tuesday, the 19th July, 2022.
More importantly you may also request your friends / known members / other organisations etc. to Vote for FIEO by submitting the form as per above link.
We thank you for your kind support.
TIOL Awards 2022
Vote to Deemed Nominations - TIOL Awards 2022
TIOL Awards are here to recognize the Nation building contribution of every entity in the Indian Tax ecosystem.Support you friends & other Nominators here
PROCEDURE OF SEEKING APPROVAL FROM IMC FOR EXPORT OF WHEAT FLOUR (ATTA) NOTIFIED
Exporters must refer to Trade Notice No. 14/2015-20 dated 18.07.2022 for the procedure for export of Wheat Flour (Atta) and NOC in the said respect.
The Key requirements for the NOC is
1. Purchase Order / Copy of Invoice
2. Documentary evidence that the firm is ISO 22000 compliant.
The application has to be made on DGFT portal with fees for Rs. 1000/-
Applications submitted online to IMC will be considered weekly in the meeting held by IMC every Thursday.
Also, to note that Approval received from IMC the shipment us be will be subjected to Quality Inspection Certificate by EIC or its EIA offices at Delhi, Mumbai, Chennai and Kolkata only.
Exporters may refer the trade notice procedure for further details.
Exporters must refer to Trade Notice No. 14/2015-20 dated 18.07.2022 for the procedure for export of Wheat Flour (Atta) and NOC in the said respect.
The Key requirements for the NOC is
1. Purchase Order / Copy of Invoice
2. Documentary evidence that the firm is ISO 22000 compliant.
The application has to be made on DGFT portal with fees for Rs. 1000/-
Applications submitted online to IMC will be considered weekly in the meeting held by IMC every Thursday.
Also, to note that Approval received from IMC the shipment us be will be subjected to Quality Inspection Certificate by EIC or its EIA offices at Delhi, Mumbai, Chennai and Kolkata only.
Exporters may refer the trade notice procedure for further details.
We would like to understand the profile of the 700+ exporters on the FIEO Official Telegram Channel and Group to according device strategies to better serve objective of this platform.
Therefore, we request each one of you to kindly actively participate in polls please.
Therefore, we request each one of you to kindly actively participate in polls please.
Are you new to Export and Import business?
Anonymous Poll
76%
Yes completely new
9%
I have 1 or 2 years of experience
15%
I am in EXIM business for more than 3 years
We are pleased to inform you that FIEO (WR) is organising a 3 Days Certificate Course on "Setting up and Managing an Adaptive International Business" at Mumbai as per below details:
🗓 : 3, 4 and 5 August 2022
🕰 : 11 am to 4 pm
🏢 : FIEO Conference Room, Times Square Building, Unit 3A, 4th Floor, Andheri East, Mumbai
💰: Rs. 4720/- (incl of GST) per participant
💸 : For FIEO Members
Rs. 3540/- (incl of GST) per participant
The important topics to be covered during the course will be:
1️⃣ Discovering Important Facets of International Trade
2️⃣ Establishing & Enriching Business Relations in Overseas Market
3️⃣ Exploring New Trends for Promoting your Business Globally
🎓
For registrations, please write to us at 📩 fieowrevents@fieo.org
🗓 : 3, 4 and 5 August 2022
🕰 : 11 am to 4 pm
🏢 : FIEO Conference Room, Times Square Building, Unit 3A, 4th Floor, Andheri East, Mumbai
💰: Rs. 4720/- (incl of GST) per participant
💸 : For FIEO Members
Rs. 3540/- (incl of GST) per participant
The important topics to be covered during the course will be:
1️⃣ Discovering Important Facets of International Trade
2️⃣ Establishing & Enriching Business Relations in Overseas Market
3️⃣ Exploring New Trends for Promoting your Business Globally
🎓
All the participants will be awarded Certificates upon successful completion of the Training Programme.
📝Registrations are now open.For registrations, please write to us at 📩 fieowrevents@fieo.org
🎓 Orientation Session for New Aspiring Exporters and FIEO Members
Based on the recent poll conducted by us to understand the profile of the 750+ subscribers of the Official FIEO Telegram Channel it has been observed that about 42% are members of FIEO and 58% are not the member of FIEO. Moreover, about 84% of the subscribers are either completely new or with less than 2 years of experience in International Trade.
In view of the above, we are scheduled to organise exclusive Orientation Sessions for New Aspiring Exporters and FIEO Members to familiarise them with various facets of International Trade.
The Session will be organised Every Thursday on Zoom from 11:00 am.
Accordingly, the first orientation session on Role and Services of FIEO in International Trade will be held on Thursday the July 28, 2022 from 11:00 am.
To receive the zoom meeting link for the session please Register Here now.
Based on the recent poll conducted by us to understand the profile of the 750+ subscribers of the Official FIEO Telegram Channel it has been observed that about 42% are members of FIEO and 58% are not the member of FIEO. Moreover, about 84% of the subscribers are either completely new or with less than 2 years of experience in International Trade.
In view of the above, we are scheduled to organise exclusive Orientation Sessions for New Aspiring Exporters and FIEO Members to familiarise them with various facets of International Trade.
The Session will be organised Every Thursday on Zoom from 11:00 am.
Accordingly, the first orientation session on Role and Services of FIEO in International Trade will be held on Thursday the July 28, 2022 from 11:00 am.
To receive the zoom meeting link for the session please Register Here now.
We are pleased to inform you that FIEO jointly with SBI & CMIA is organising a "CAPACITY BUILDING PROGRAMME" under the initiative "ONE DISTRICT ONE PRODUCT" with special focus on 🥭 Marathwada Mango, 🌽 Sweet Corn and Export Oriented Products at Aurangabad as per following details:
🗓 Day & Date: Wednesday, 27th July 2022
🕰 Time: 11 am to 4 pm ( Registration at 10:30 am)
📌 Venue: Diwan-E-Khas, Ambassador Ajanta Hotel, Aurangabad
The Topics to be covered during the programme:
1⃣ Role of FIEO in developing Exports from India
2⃣ Understanding Export Potential from Aurangabad District
3⃣ Important Facets of International Business
4⃣ Role of Banks in Exports
5⃣ Role of DGFT in Exports
The expert speaker during the programme will be Officials from DGFT, Officials from Krishi Vigyan Kendra, Officials from District Industries Centre, Officials from FIEO and Expert EXIM Speaker.
💸 No Participation Fees (Pre-registration is Mandatory)
For registration please contact us on 📱 +91-8976196995
🗓 Day & Date: Wednesday, 27th July 2022
🕰 Time: 11 am to 4 pm ( Registration at 10:30 am)
📌 Venue: Diwan-E-Khas, Ambassador Ajanta Hotel, Aurangabad
The Topics to be covered during the programme:
1⃣ Role of FIEO in developing Exports from India
2⃣ Understanding Export Potential from Aurangabad District
3⃣ Important Facets of International Business
4⃣ Role of Banks in Exports
5⃣ Role of DGFT in Exports
The expert speaker during the programme will be Officials from DGFT, Officials from Krishi Vigyan Kendra, Officials from District Industries Centre, Officials from FIEO and Expert EXIM Speaker.
💸 No Participation Fees (Pre-registration is Mandatory)
For registration please contact us on 📱 +91-8976196995