Being an exporter why you will support and argue in favour of organizations under Ministry of Commerce such as Federation of Indian Export Organization, Indian Diamond Institute, Surat and Footwear Design & Developme

CS Professional · International Business – Laws and Practices · PYQS · June 2019
Being an exporter why you will support and argue in favour of organizations under Ministry of Commerce such as Federation of Indian Export Organization, Indian Diamond Institute, Surat and Footwear Design & Development Institute (FDDI).

Answer & Explanation:

The Federation of Indian Export Organizations (FIEO) set-up in 1965, is an apex body registered under the Societies Registration Act, 1860, of various export promotion organizations and institutions. The main objective of FIEO is to render an integrated pack of services to various organizations connected with export promotion. It provides the policy input for export promotion, render valuable training services on critical issues to exporters, help them participate in trade fairs, conduct market studies for export promotion and act as an ambassador of exporters with government officials for grievances redressal and policy easing. It also functions as a primary servicing agency to provide integrated assistant to its members comprising professional exporting firms holding recognition status granted by the Government-consultancy firms and service providers. The Federation organizes seminars and arranges participation in various exhibitions in India and abroad. It also brings out 'FIEO News', for creating awareness amongst its members, exporters and importers. Indian Diamond Institute (IDI) was established as a Society in 1978 with the objective of enhancing the quality, design and global competitiveness of the Indian jewellery, with its office located at Surat. The institute conducts various diploma and other courses related to diamond trade industry. The three-year diploma course on Diamond, Gem & Jewellery Design & Manufacture has been accredited by All India Council for Technical Education (AICTE). The Institute also has certified services for diamonds, coloured stones and gold jewellery. IDI has a Gem Testing Lab (GTL), which is recognized by Government of India as an approved Diamond Grading/ Certification Institution for cut and polished diamonds up to weight of 0.25 carat. The Institute has been recognized world over as a Diamond Certification and Grading Institute. Footwear Design and Development Institute (FDDI) was established in the year 1986 with an objective to train the professional manpower. It is an ISO:9001 and ISO:14001 certified Institute, which conducts wide range of long-term and short-term programs in the area of Retail Management, Fashion, Footwear Merchandising, Marketing, Creative Design & CAD/CAM and Leather Goods & Accessories Design, etc. Crossing the national boundaries, the Institute is providing consultancy and training to the South Asian Association for Regional Cooperation (SAARC) countries besides African countries in the area of footwear design, technology and management. The exporters will argue in favor of these organizations as these organizations help exporters in the following ways: Promoting Government Schemes: These organizations help and promote the exporters by making them aware of the government schemes and other benefits. Collect and restoring data: They further promote and collect the export data to compare the industry growth and solve any hurdle in between. Sending trade delegations: These organizations help in making arrangements for sending trade delegations and study teams to one or more countries for promoting the export of specific products and to circulate the reports of specific products and diversifying to new products. Other roles: They also play various roles at the policy level for promotion and growth of the industry.

Topics: Export Promotion

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