FIEO is planning to organize India Pavilion at the 8th edition of Food & Beverage and Hospitality 2022 exhibition, at Bhrikutimandap, Kathmandu.
It hosts about 200 exhibitors, 2 thematic pavilions and features 7 interactive live events.
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It hosts about 200 exhibitors, 2 thematic pavilions and features 7 interactive live events.
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FIEO is organizing India Pavilion at Warsaw Building, Construction and Hand Tools Exhibition to be held from 16-18 Nov 2022. The Expo is the only one in Poland & the fastest growing industry trade fair for tooling and finishing works,
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FIEO welcomes new provision to help exim trade with countries having forex shortage
Welcoming the new Provision, Dr A Sakthivel, President, FIEO said that in existing FEMA provisions, the final settlement has to be in free foreign exchange except for Nepal and Bhutan. Now the final settlement to all countries, if approved by RBI, can be in Indian Rupee.
This move will pave the way for trading and settlement of Exim transactions in Indian Rupee. The timely move, at a time when many countries are facing huge forex shortages in Africa and South America, allowing only exim transactions through LC will help our exporters and importers, added FIEO's Chief. This move is a recognition of the Indian rupee as an international currency. We hope, observed Dr Sakthivel, that the Government will clarify on exports benefits on such exports in Rupee, which is hitherto only granted for exports payments received in foreign currency.
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FIEO welcomes new provision to help exim trade with countries having forex shortage
Welcoming the new Provision, Dr A Sakthivel, President, FIEO said that in existing FEMA provisions, the final settlement has to be in free foreign exchange except for Nepal and Bhutan. Now the final settlement to all countries, if approved by RBI, can be in Indian Rupee.
This move will pave the way for trading and settlement of Exim transactions in Indian Rupee. The timely move, at a time when many countries are facing huge forex shortages in Africa and South America, allowing only exim transactions through LC will help our exporters and importers, added FIEO's Chief. This move is a recognition of the Indian rupee as an international currency. We hope, observed Dr Sakthivel, that the Government will clarify on exports benefits on such exports in Rupee, which is hitherto only granted for exports payments received in foreign currency.
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FIEO Telegram Group @FIEO_grp
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Access useful information for exporters at Indian Trade Portal by FIEO.
www.IndianTradePortal.in
YouTube video on Indian Trade Portal : https://youtu.be/hh02sRF-g_8
www.IndianTradePortal.in
YouTube video on Indian Trade Portal : https://youtu.be/hh02sRF-g_8