Global Forum For Indurstrial Devlopment is SPONSORED BY ICO INDIA
- MP Society Registration (Act. 1973 No. 44) 03/27/01/21857/19 (MSME Forum Established Since-2009)
Presently, there are fourteen Export Promotion Councils under the administrative control of the Department of Commerce. Names and addresses of these Councils are given in Annexure 1.2. These Councils are registered as non-profit organizations under the Companies Act/ Societies Registration Act. The Councils perform both advisory and executive functions. The role and functions of these Councils are guided by the Foreign Trade Policy, 2009-14. These Councils are also the registering authorities for exporters under the Foreign Trade Policy 2009-14.
From finding buyers to understanding markets to accessing subsidies and incentives, there are several functions that may be daunting for a new exporter. It means that the role of government bodies have an impact on the export performance of the economy. Fortunately, you can get assistance for many of these activities from industry bodies, including government-approved ones called Export Promotion Councils.
Export Promotion Councils are government-initiated authorities that promote and support export firms in developing their overseas trade and presence by providing technical and industry insights. Additionally, EPCs also promote government schemes, act as a data store and conduct overseas tours and studies. They also act as an intermediary between the government and the export industry and are critical in formulating the foreign policies of the country.
These Councils are registered as non-profit organizations under the Companies Act/ Societies Registration Act. EPCs perform both advisory as well as executive functions. Export Promotion Councils are responsible for country’s image abroad as a council of reliable suppliers of high quality goods and services. The EPCs encourage and monitor the observance of international standards and specifications by exporters. Each product has its own Export Promotion Council, hence the promoter should register under a certain EPC as per their line of product.
For example, members of APEDA, an export promotion council which is responsible for promoting export of agricultural and processed foods can avail rebates under its Financial Assistance Scheme on Infrastructural, Quality and Market Development activities undertaken by them.