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Asked: June 30, 20232023-06-30T12:50:21+05:30 2023-06-30T12:50:21+05:30In: Commerce

Discuss the institutions providing technical services for the promotion of export in India. Explain the institutional setup for Government policy making and consultation for export promotion in India.

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Discuss the institutions providing technical services for the promotion of export in India. Explain the institutional setup for Government policy making and consultation for export promotion in India.
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    2023-06-30T12:51:41+05:30Added an answer on June 30, 2023 at 12:51 pm

    India is a large player on the international market with a diverse economy. To provide technical assistance for the promotion of exports, the nation has established a number of institutions. These organisations are in charge of fostering and assisting exports in the manufacturing, service, and agricultural sectors of the economy. This article will cover the many entities that offer technical services for export promotion in India as well as the institutional framework for determining government policies and offering advice on export promotion.

    Institutions providing technical services for export promotion in India:

    1. Indian Trade Promotion Organization (ITPO): The Ministry of Trade and Industry of the Government of India houses the ITPO. By setting up trade shows, exhibits, and other marketing initiatives, it was founded in 1977 to advance trade and commerce in India. International trade fairs and exhibitions are organised by ITPO to encourage the export of a variety of goods and services.
    2. Federation of Indian Export Organizations (FIEO): FIEO is a nonprofit organisation that was founded in 1965 with the goal of promoting and assisting Indian exports. The Indian export sector is represented by it at numerous international forums, where it is acknowledged as the top body of Indian export promotion groups. Trade information, market intelligence, and trade promotion initiatives are just a few of the services that FIEO offers to exporters.
    3. Export Inspection Council (EIC): EIC is a department of the Indian Government’s Ministry of Trade and Industry. To guarantee the calibre of Indian exports, it was created in 1963. EIC offers inspection and certification services to exporters of a range of goods, such as industrial, processed food, and agricultural goods.
    4. National Institute of Export Management (NIEM): The Government of India’s Ministry of Trade and Industry created the independent agency known as NIEM in 1992. It offers importers and exporters training, consulting, and research services. Export management, international trade finance, and export paperwork are just a few of the training courses that NIEM offers to exporters.
    5. Engineering Export Promotion Council (EEPC): EEPC is a non-profit organisation created in 1955 to encourage engineering exports from India. It speaks on behalf of the Indian engineering industry in numerous international fora and offers exporters a range of services, including as market research, trade promotion, and trade information.
    6. Pharmaceuticals Export Promotion Council (Pharmexcil): A nonprofit organisation called Pharmexcil was founded in 2004 to encourage the export of medicines from India. It speaks for the Indian pharmaceutical industry in numerous international forums and offers exporters a range of services, including as trade information, market intelligence, and trade promotion initiatives.

    Institutional setup for government policy making and consultation for export promotion in India:

    The institutional setup for government policy making and consultation for export promotion in India is as follows:

    1. Ministry of Commerce and Industry: The key ministry for trade and commerce in India is the Ministry of Trade and Industry. Via its different agencies and organisations, it develops policies and programmes to encourage exports from India.
    2. Department of Commerce: The Ministry of Trade and Industry’s primary division in charge of developing and putting into effect trade policies and initiatives is the Department of Commerce. Together with building export infrastructure, it is in charge of overseeing international trade.
    3. Directorate General of Foreign Trade (DGFT): The Department of Commerce’s DGFT is the unit in charge of carrying out the strategies and plans for international trade. Also, it grants numerous export and import licences and authorizations.
    4. Export Promotion Councils (EPCs): The Ministry of Trade and Industry created independent entities called EPCs to support exports of various goods and services. For exporters, EPCs offer a range of services, such as market intelligence, trade information, and trade promotion initiatives. In relation to matters pertaining to export promotion, EPCs also offer feedback to the government.
    5. Board of Trade: The Board of Trade is a consultative organisation within the Ministry of Commerce and Industry tasked with giving the government input and recommendations on trade promotion and policy. Government, business, trade associations, and academic institutions are all represented on the Board of Trade. It meets on a regular basis to talk about matters involving trade and export development and makes suggestions to the government.
    6. Think tanks and research institutions: In India, numerous think tanks and research institutions provide input and research on trade and export-related issues. The Indian Council for Research on International Economic Relations (ICRIER), the National Council of Applied Economic Research (NCAER), and the Centre for WTO Studies are among these organisations.
    7. State Governments: Also, state governments in India are very important in promoting exports. They offer a range of rewards and programmes to encourage exports from their individual states. Additionally, they offer infrastructure and support for activities associated to exports.

    Finally, India has established a number of institutions to provide technical assistance in the promotion of exports. These organisations provide services to exporters in a variety of industries, including agriculture, manufacturing, and services. In India, the Ministry of Commerce and Industry, Department of Commerce, DGFT, EPCs, Board of Trade, think tanks and research institutions, and state governments form the institutional framework for government policy making and consultation on export promotion. These organisations collaborate to develop policies and programmes to promote Indian exports and assist exporters.

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