JAMMU: Jammu and Kashmir Trade Promotion Organization (JKTPO) on Monday organized an export awareness workshop here.
The Workshop was held in association with Federation of Indian Export Organizations (FIEO) Directorate General of Foreign Trade (DGFT), Export Credit Guarantee Corporation of India Ltd (ECGC), Department of Posts, Government of India, and State Bank of India (SBI). These workshops are being organized to realize the vision of LG, UT of J&K to promote each district of J&K as a potential export hub with a vision to increase exports by 3 times in the next 5 years.
These workshops aim to boost and support exports of Niche products such as basmati, Fresh fruits, saffron, Pashmina , Basohli Paintings, Carpets, Paper machie with hard and soft interventions required at the ground level.
The workshop included detailed sessions on Benefits of exports, process of getting IEC code, awareness regarding India Business Portal and India Trade portal, credit linkages for exports and credit risk insurance facilities, e-commerce platforms, Logistics and potential of products of region in international market.
At the outset, Khalid Jahangir, Managing Director, JKTPO welcomed the business community members from Jammu and briefed the audience about the mandate and various trade and export promotion initiatives undertaken by the Jammu and Kashmir Trade Promotion Organization. He said JKTPO regularly organizes and participates in various activities like Buyer-Seller Meets, Trade Fairs, Exhibitions, Conferences, Seminars, etc. at National and International level for registered members & women entrepreneurs. He further highlighted the export potential of unique products of Jammu and Kashmir.
A K Bhushan, Deputy Director DGFT Jammu briefed about various Government schemes for export and documentation required for IEC registration. The participants were given detailed presentations on all the major aspects related to exports, a checklist for documents required to get IEC Code, market linkages including e-commerce linkages and benefits. Many queries were resolved on the spot and various participants intended to get registered with DGFT. Mr. Bhushan, while interacting with the participants, highlighted the relevance of bridging the information gap.
He provided the necessary guidance to the participants for updating their knowledge by explaining to them about various Export related schemes sponsored by the Government of India such as EPCG, MEIS, SEIS, advance authorization schemes etc.
Col. Vinod Kumar, Post-master General, Postal Services, India Post, Jammu Region, shared the attributes of portal Dhak Ghar Niryat Kendras which act as facilitation center for E-Commerce exports. ‘Dak Ghar Niryat Kendra’ are being established at Srinagar, Udhampur and Srinagar to promote exports of MSMEs. As per DNK portal exporter with IEC code can export any item weighing around 35 kg to point of destination from point of origin. An Exporter can easily track their products delivered.
Exporters can file postal bills of exports online through the web link created for the purpose and get the export shipments booked at designated DNKs/Post Offices. This will reduce the transit time and manual paperwork for the exporters, thus facilitating direct export from the region to the buyers from abroad.
Nitesh Dalal, Assistant Manager, ECGC gave a presentation on the importance of insurance cover for exporters. He emphasized in the meeting that ECGC provides a range of credit risk insurance covers to exporters against loss in export of goods and services. ECGC Offers insurance protection to exporters against payment risks and other export-related activities including recovering bad debts.
He also explained the importance of export credit insurance that the risks have assumed large proportions today due to the far-reaching political and economic changes/ challenges that are sweeping the world. He also clarified queries raised by attendees on export credit insurance
Chirag, Manager (Regional Treasury Marketing Unit), State Bank of India informed about Credit Facilities, Hedging Benefits and Trading by the customer on FX-Retail Platform and pre and post shipment requirements of export business. He explained the procedure to get credit benefits from bank
Gaurav Gupta, Dy. Director FIEO has also gave the presentation on benefits of registration on Indian Business Portal and informed about Free Online Business, Easy and Affordable Credit Rating, Compliance with the Government, Updates from FIEO on mail etc.
About 100 participants, including members of Industrial associations, industrialists, entrepreneurs, artisans, FPOs, SHGs and women entrepreneurs participated in the event.