.GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTSExports and Imports free unless regulated 2.1 Exports and Imports shall be free, except in cases where they are regulated by the provisions of this Policy or any other law for the time being in force. The item wise export and import policy shall be, as specified in ITC(HS) published and notified by Director General of Foreign Trade, as amended from time to time. Compliance with Laws 2.2 Every exporter or importer shall comply with the provisions of the Foreign Trade (Development and Regulation) Act, 1992, the Rules and Orders made thereunder, the provisions of this Policy and the terms and conditions of any licence/certificate/permission granted to him, as well as provisions of any other law for the time being in force. All imported goods shall also be subject to domestic Laws, Rules, Orders, Regulations, technical specifications, environmental and safety norms as applicable to domestically produced goods. No import or export of rough diamonds shall be permitted unless the shipment parcel is accompanied by Kimberley Process (KP) Certificate required under the procedure specified by the Gem & Jewellery Export Promotion Council (GJEPC). Interpretation of Policy 2.3 If any question or doubt arises in respect of the interpretation of any provision contained in this Policy, or regarding the classification of any item in the ITC(HS) or Handbook (Vol.1) or Handbook (Vol.2), or Schedule Of DEPB Rate the said question or doubt shall be referred to the Director General of Foreign Trade whose decision thereon shall be final and binding. If any question or doubt arises whether a licence/ certificate/permission has been issued in accordance with this Policy or if any question or doubt arises touching upon the scope and content of such documents, the same shall be referred to the Director General of Foreign Trade whose decision thereon shall be final and binding. Procedure 2.4 The Director General of Foreign Trade may, in any case or class of cases, specify the procedure to be followed by an exporter or importer or by any licensing or any other competent authority for the purpose of implementing the provisions of the Act, the Rules and the Orders made thereunder and this Policy. Such procedures shall be included in the Handbook (Vol.1), Handbook (Vol.2), Schedule of DEPB Rate and in ITC(HS) and published by means of a Public Notice. Such procedures may, in like manner, be amended from time to time. The Handbook (Vol.1) is a supplement to the Foreign Trade Policy and contains relevant procedures and other details. The procedure of availing benefits under various schemes of the Policy are given in the Handbook (Vol.1). Exemption from Policy/ Procedure 2.5 Any request for relaxation of the provisions of this Policy or of any procedure, on the ground that there is genuine hardship to the applicant or that a strict application of the Policy or the procedure is likely to have an adverse impact on trade, may be made to the Director General of Foreign Trade for such relief as may be necessary. The Director General of Foreign Trade may pass such orders or grant such relaxation or relief, as he may deem fit and proper. The Director General of Foreign Trade may, in public interest, exempt any person or class or category of persons from any provision of this Policy or any procedure and may, while granting such exemption, impose such conditions as he may deem fit. Such request may be considered only after consulting Advance Licensing Committee (ALC) if the request is in respect of a provision of Chapter-4 (excluding any provision relating to Gem & Jewellery sector) of the Policy/ Procedure. However, any such Restricted Goods 2. (d) The value addition to be achieved. adopt and enforce any measure necessary for:i Protection of public morals. v Protection of national treasures of artistic. and (e) The minimum export price. the Policy and any other law for the time being in force. the export or import of which is restricted under ITC(HS) may be exported or imported only in accordance with a licence/ certificate/ permission or a public notice issued in this behalf. and viii Prevention of traffic in arms. Licence/Certificate/ Permission not a Right 2. the Rules and Orders made there under. description and value of the goods.7 Any goods. iii Protection of patents.10 If a licence/certificate/permission holder violates any condition of the licence/certificate/ permission or fails to fulfill the export obligation. he shall be liable for action in accordance with the Act. (b) Actual User condition.9 No person may claim a licence/certificate/ permission as a right and the Director General of Foreign Trade or the licensing authority shall have the power to refuse to grant or renew a licence/certificate/permission in accordance with the provisions of the Act and the Rules made there under. ammunition and implements of war. historic or archaeological value.8 Every licence/certificate/permission shall be valid for the period of validity specified in the licence/ certificate/ permission and shall contain such terms and conditions as may be specified by the licensing authority which may include: (a) The quantity. through a notification.6 DGFT may. Principles of Restriction 2. vii Protection of trade of fissionable material or material from which they are derived. trademarks and copyrights and the prevention of deceptive practices. vi Conservation of exhaustible natural resources. iv Prevention of use of prison labour. Penalty 2. Terms and Conditions of a Licence/Certificate/ Permission 2. (c) Export obligation. animal or plant life or health. ii Protection of human.request in respect of a provision other than Chapter-4 and Gem & Jewellery sector as given above may be considered only after consulting Policy Relaxation Committee. . Known popularly as "FIEO".3 billion out of the total India's export of US$ 33. UNIDO and others. Side by side. known popularly as "FIEO". liberal and progressively market-friendly economic and trade regime.6 % of the total exports from India emanate from FIEO members. largely comprising professional exporting films or long experience called Government recognised Export Houses. formulation and dissemination of government policies pertaining to all sectors in manufacturing and merchant exporting and apprising Government on problems and suggesting remedial measures. and provided the content. providing advisory and consultative services and bringing about constant interaction between member exporters and various Government departments. set up in October. representing the Indian export promotion effort in its entirely. Engineering Goods. as well as a wide range of Consultancy Services covering Infrastructure. FIEO ACTIVITIES What FIEO Specifically achieves The Federation keeps its members posted with the latest developments in the field of Export / Import by organising Seminars and Workshops. Chemicals and allied products.000 exporters across India. Cement. There was greater industrialisation. WORLD BANK.. Drugs and Pharmaceuticals. this apex body of Indian export promotion organizations was set up jointly by the Ministry of Commerce. Cosmetics. it has bilateral arrangements for exchange of information as well as for liasioning with several overseas chambers of commerce. Thus there was an urgent need for : . Engineering. Leather. Handicrafts. and trade and industry associations. Star Trading Houses and Super Star Trading Houses and Consultancy exporting firms.About FIEO The Federation of Indian Export Organisations represents the Indian entrepreneurs spirit of enterprise in the global market. Exports by FIEO members comprise a wide spectrum of products including Gems & Jewellery. As the apex body of all Indian export promotion organisations. It was in the year 1965 that this Federation came into being with the support of Ministry of Commerce. etc.. Its membership. In addition. FIEO works as a partner of the Government of the India to promote Indian exports. The end result of such activity is discussion of issues in depth. Garments. Trade Fairs. certain economic realities had taken shape in India. Textiles. ESCAP. Today. In essence. FAO. Small Scale Industries etc. FIEO represents directly or indirectly. investment and joint ventures etc. has kept pace with the country's evolving economic and trade policies. international trading. user or seller. FIEO has forged strong links with counterpart organisations in several countries as well as international agencies to enable direct communication and interaction between India and world businessmen. backed by its own credentials as an organisation of excellence in India. It is registered with UNCTAD as a national non-Government organisation. Government of India and private trade and industry in the year 1965. contributes 72 % of the total exports of India. organising Buyer-Seller meets in India and abroad. Government of India and private trade and Industry. The activities of our members also include manufacturing. centralised planning and Government controls. 1965. FIEO -I ndia's Premier Institution for International Trade The Federation of Indian Export Organisations represents the Indian entrepreneur's spirit of enterprise in the global market. there existed a buoyant and thriving private sector. This enviable position has been reached rapidly in a very short span. the Federation. Paper & Rubber Industries. Trading Houses. How FIEO has Developed : Today the Federation is proud of the fact that its members accounts for an estimated exports of US$ 24. FIEO expresses all the dynamism and resurgence that are the hallmark of India's open.0 billion. Agro-based Industries. It shows for itself an achievement which notes that approximately 73. Inviting delegations. over 100. What FIEO does When Federation was constituted in 1965. Leather and Leather Products. evolving of suitable action plans to promote Indian exports. and has direct access to information/data originating from UN bodies and world agencies like the IMF. FIEO is the one-stop organisation which will put him in touch with a trade partner or high repute. albeit with a long legacy behind it. It has now graduated to a level of organisation providing global link to exporters and working as a 'nerve centre' of Indian exports. ADB. direction and thrust to India's expanding international trade. To any foreign investor. Industries. FIEO is thus a partner of the Government of India in promoting India's exports. Interacting with the Government on behalf of the exporting community. state-wise etc. India's Imports commodity-wise. Electronic Data Interchange and EDP Department The Government of India has targeted January1998 to implement EDI with all the departments engaged in international trade. Takes up the problems of the exporters on this areas with the appropriate authorities. Wider exchange of views between allied industies in public as well as the private sectors. Training. Market Research and Development Department The Market Research Department as a part of its business facilitation effort offers the exporting community : i) Meetings with diplomats. Market Development Assistance (MDA) Department The Ministry of Commerce.The Market Development Assistance Department takes care of the grant disbursement. It organises workshops/ seminars on TQM. Monitors and suggests the Government of India on the various policies. Super Star Trading Houses / Star Trading Houses / Trading Houses / Export Houses on account of Sale-cum-Study Tour. Assistance to buyers abroad in sourcing the right product from India is also provided. expenses incurred by the recognised exporters. Monitoring the effects of Government policies on Exports . Exim Policy. rules and regulations. incoming delegations and buying missions ii) Inviting delegations iii) Organising trade fairs abroad to project Indian Products (recently organised fairs in Morocco. Providing a wide range of services designed to help member companies Creating and setting up contracts between Government and Commercial Bodies both in India and overseas. Customs and Excise rules and regulations. is also made available. Participation in Exhbitions / Fairs abroad. Petersburg. FIEO has launched an electronic network. Customs and Excise Department The department offers advisory services on India's Export-Import Policy. St. FIEO Information Centre It has a well established database and provides useful information on India's Export sector both at the company and industry level. ISO etc. Indian city-wise. Bringing out publications for use abroad and advertisement in foreign media (Brand Publicity). Tunisia) iv) Opening of foreign offices and warehouses . viz. Basically. The task of this department has thus increased manifold in its effort to provide awareness and education on EDI to India's private trade and industry. viz. the Federation fulfills the above needs in these three ways : Sending representations on policy matters to Central and State (Regional) Governments. Government of India. reimburses to a certain percentage.Imports. Moscow. Non-members can also avail of the facility. laws. As a part of the awareness and educational programme. consultancy and host of other services on EDI is also provided. port-wise etc. FIEONET for the India's private trade and industry. through FIEO. It facilitates fast and low cost communication facilities. Apprising all concerned bodies of Status of exports. These needs are achieved through the following departments : Total Quality Management L(TQM) Department The TQM department is dedicated to help industries to launch quality initiatives. Under MDA. It also provides information to exporters regarding benefits available under Income-tax Act. expenses incurred in meeting statutory regulations in buying countries and conducting market surveys. it would be prudent to step up spends on generic export promotion focussed on specific products in new markets to maintain export growth. By that time introduction of Goods and Services Tax (GST) and phasing out of CST will make the scheme redundant. for exporter to have a face to face interaction to resolve their problems on the spot. and smart subsidies like export loan subsidies. It organises open houses / workshops etc. The forthcoming Exim policy is expected to include more countries to this list and also increase limits of funds that exporters will be eligible for marketing projects submitted by them. and issue related to Exchange Control and FEDAI.v) Organising seminars for promotion of International Trade vI) Preparation of country notes / studies vii) Opening of new FIEO Chapters / Offices abroad viii) Signing Memorandum of Understandings (MOU) with International Chambers & Institutions for trade promotion Banking and Direct Taxes Division The Banking and Direct Taxes Division offers advisory services to exporters on matters related to exchange Control and Foreign Exchange Dealers Association of India (FEDAI). the Exim policy will increase funding for individual exporters and export organisations for more intensive marketing than they are now eligible under MDA and MAI. Banker etc. marketing projects undertaken by export organisations and EPCs are funded by the government. export credit guarantees and matching grants. adapt products andpackaging to foreign tastes. Citing the example of the duty free entitlement passbook (Depb) scheme. New exporters face significant start-up costs as they gather information on foreign markets. Current literature covers topics such as exchange rates and tax-based policy incentives. . since import duties have been brought down to Asean levels in most cases. The funds are disbursed through respective EPCs of exporters. exporters do not find entitlement rates under the passbook scheme attractive. develop marketing channels. subject to certain ceilings for marketing drives in 'focus countries'. commerce ministry officials pointed out that this will be allowed to continue till 2010. Africa. Even as things stand now. Fiscal and financial policy incentives for export competitiveness is an unfolding area of research. The focus countries where exporters are eligible for funds include. Since both these schemes are framed for 'focus products. individual exporters are funded. etc. 80 HHB for projects. Officials in the ministry and export promotion councils said that with little leeway on fiscal incentives. showrooms. CIS and Asean along with Australia and New Zealand . 1961 such as section 80 HHC for merchandise exports 80 HHC for software. This may include a range of activities like setting up warehouses. duty drawbacks and bonded warehouse facilities. Fiscal incentives aimed at import duty neutralisation for export production has to a large extent lost attraction for exporters. focus countries. Under MAI. the latter has underlined that any new direct fiscal incentive for exports may not be WTO-compliant and may be considered as subsidies by buying nations. and learn to deal with new bureaucratic procedures. since import duties are at the lowest levels. with the concerned Government officials of RBI. publishing of catalogues. It also takes up problems of exporters regarding exports finance. Instead. Market and government failures mean that these 'sunk costs' bar firms from joining the export markets.' products and countries where marketing expenses will be eligible for funding too may be expanded. Financial sufficiency is core to export competitiveness. In consultations between commerce and finance ministry on the Exim policy. to the Union Cabinet for approval. Buyer-Seller Meets. However. The plot where Pragati Maidan had come up more than 30 years ago was actually conceived as a space for a district park. particularly those in the MSMEs sector. Apart from its role in bringing the Indian businesses. a Registered Society under the administrative control of the Ministry of Commerce & Industry. In 2011-12. is committed to showcase excellence achieved by the country in diverse fields especially trade and commerce. TFAI was earlier incorporated. it was first to popularize trade fairs as a tool of trade promotion within the country. it is managing India's world class exhibition complex that is constantly upgraded to keep it in a high standard of readiness. India International Trade Fair Organization. is the nodal agency of the Government of India under aegis ofMinistry of Commerce and Industry (India) for promoting country's external [14] trade. ITPO is a Schedule-B Miniratna Central Public Sector Enterprise (CPSE) with 100 percent shareholding of Government of India. Directorate of Exhibitions and Commercial Publicity and Indian Council of [17] Trade Fairs and Exhibitions and commenced operations with effect from 1 March 1977. during its existence of more than 3 decades has played a proactive role in catalysing trade. India Trade Promotion Organisation (ITPO). Based on provisional performance. ITPO renewed its Memorandum of Understanding (MoU) with Ministry of Commerce & Industry for the year 2013-14 [15] on 20 March 2013 . The major highlight of the MoU are: Projected surplus of ₹ 100 Crore by ITPO during FY 2013-14. History[edit] India Trade Promotion Organisation (ITPO) was incorporated by merger of Trade Development Authority (TDA). ITPO‟s performance was evaluated by the Department of Public Enterprises (DPE) as the best among all the CPSEs under the administrative control of the Department of Commerce (DoC) namely MMTC. Contact Promotion Programmes.This means that there couldn't be any remodeling or addition to the exhibition area. ITPO as the nodal trade promotion agency of the country has had a pioneering role in the national trade growth dynamics since its inception. under Section 25 of the Indian Companies Act. with The Trade Fair Authority of India (TFAI) with effect from 1 January 1992. Recently Delhi Development Authority (DDA) changed landuse of Pragati Maidan from 'recreational [19] District Park' to Public & Semi-public Facilities (International Convention Centre) .Case Studies India Trade Promotion Organisation (ITPO). ITPO has once again started planning & liasoning for redevelopment of Pragati maidan in late 2012 by appointing Advisor-cum-Project . 1956. ITPO is expected to retain the „Excellent‟ rating in 2012-13. Promotion through Overseas Department Stores. according to the Master Plan of Delhi. Other Targets: 850 man-days of training to its both senior and other employees during FY 2013-14 and reduction of electricity water consumption by 5 percent and 10 percent respectively. headquartered at Pragati Maidan. [18] Market Surveys and Information Dissemination. the premier trade promotion agency of the Govt. on 30 December 1976 by amalgamating 3 organizations of the Government of India viz. Investment proposal to be submitted for the redevelopment of Pragati Maidan into a modern and state-of-the-art integrated Exhibition-cum-Convention Centre. PEC and [16] ECGCI. closer to global markets. investment and technology transfer processes. Its promotional tools include organizing of fairs and exhibitions in India and abroad. the revamp hit a glitch. ITPO. STCI. of India for organizing trade fairs. Plans to modernise Pragati Maidan had been floated by ITPO some years ago. For nearly three & half decades. Product Promotion Programmes. The Regional Offices. Frankfurt. Chennai. ITPO had had overseas offices at New York. ITPO's overseas offices assist buyers seeking information relating to sourcing products from India. State Governments and Industry to present their policies. drawing itineraries. • Conducting in-house and need-based research on trade and export promotion. Access control to the exhibitions area will be monitored by another team of the squad with help from private security [21] guards. through their respective profile of activities. fixing appointments and even accompanying them where required. • Establishing durable contacts between Indian suppliers and overseas buyers. . • Assisting Indian companies in product development and adaptation to meet buyers' requirements. all overseas offices are now closed by ITPO. ITPO has an extensive infrastructure as well as marketing and information facilities that are availed by both exporters and importers. business centre facilities to support trade promotion related activities. open and covered auditoriums with a combined capacity for 5500 and 1000 persons respectively. • Facilitating the use of Pragati Maidan for holding of trade fairs and exhibitions by other fair organisers both from India and abroad. Tokyo. However.m. • Organising seminars/conferences/workshops on trade-related subjects. The present Pragati Maidan complex is in the centre of Delhiwith excellent connectivity by road. Kolkata and Mumbai. a modern air conditioned food plaza with seating capacity for 500 plus persons. The existing facilities are being used by various Ministries/Departments of Government of India. • Organising Buyer-Seller Meets and other exclusive India shows with a view to bringing buyers and sellers together. Moscow and São Paulo for pursuing opportunities for enhancement of India's trade and investment. • Arranging product displays for visiting overseas buyers.5 acres. • Timely and efficient services to overseas buyers in vendor identification. Hall of Industries and Nehru Pavilion in Pragati Maidan was designed by iconic architect Raj Rewal along with architect Kuldip Singh in 1971-72. The world renowned Hall of Nations. ensure a concerted and well coordinated trade promotion drive throughout the country. • Organising India Promotions with Department Stores and Mail Order Houses abroad. seminars. The Main Activities & Services of ITPO are: [22] • Managing the extensive trade fair complex. ITPO has four Regional Offices at Bangalore. The existing infrastructure of Pragati Maidan includes about 60.Management Consultants (APMC). lounge areas. • Enlisting the involvement and support of the State Governments in India for promotion of India's foreign trade. Pragati Maidan in the heart of Delhi • Organising various trade fairs and exhibitions at its exhibition complex in Pragati Maidan and other centers in India.1 of Pragati Maidan designed by architects Achyut Kanvinde and Hindustan Lever Pavilion by architect Charles Correa in 1961. initiatives and achievements by supporting/holding exhibitions. • Encouraging small and medium scale units in export promotion efforts. Later on Hall of States were designed by architect Raj Rewal in 1981-82. • Participating in overseas trade fairs and exhibitions. Delhi near Gate No. business meets and other trade promotion activities. of covered exhibition space with additional open space in a campus of approx. 123. Other iconic structures than surroundPragati Maidan are National Science Centre. Sphere of Activities[edit] ITPO has been managing the Pragati Maidan exhibition complex in New Delhi and has established it as a renowned destination for holding exhibitions. conventions. • Trade information services through electronic accessibility at Business Information Centre.000 sq. conventions and other trade related events. The proposal is pending for cabinet approval and budget sanctions as on [20] October-2013.A special vehicle-borne and sophisticated arms equipped squad of the force will be deployed at Pragati maidan complex to respond to any terror attack like situation. Delhi Metro and Delhi Bus Rapid Transit System and has close access to central government offices and hotels. Ministry of Home Affairs has recently given in-principle approval for deploying Central Industrial Security Force (CISF) to provide round-the-clock security at the Pragati Maidan campus. The MoU aims to strengthen the bilateral relations between the two countries through developing the means of cooperation in the field of organising exhibitions based on the mutual interests of their respective countries. Both of the organisations have agreed to forge long-term cooperation in planning. Lahore. Lifestyle Pakistan 2012 show was hosted in New Delhi [32] in April 2012. National Productivity Council (NPC). The MOU is directed towards coordinated joint efforts to promote India's trade identifying the internal strengths of the respective organisations. . ITPO has signed MoU with various Chambers of India. Strategic Issues[edit] ITPO is operating a trade portal www. ITPO has signed MoU with the Trade Development Authority of Pakistan (TDAP). and is all set for a major expansion of triplicating its capacity. ITPO has a 50:50 Joint subsidiary with National Informatics Centre (NIC) in the form of „National Centre for Trade Information‟ (NCTI) in 1995 for collection and dissemination of trade data and improving Business Information [27] Services to the business community. In a recent development. After signing MoU between TDAP and ITPO. A MoU was signed between ITPO and Qatar Tourism Authority of the State of Qatar in April 2012 for cooperation in holding the exhibitions.tradeportalofindia. In addition. trade directory etc. New Delhi awarded a consultancy project to ITPO to prepare Detailed Project Report (DPR) for organizing Eco-Product International Fair (EPIF) at Pragati Maidan.m. conduct market research. monitoring of important activities of EPIF. ITPO is a founder member of Asia Trade Promotion Forum (ATPF) and participates in its Annual meets regularly.com having all trade related information including country profiles. With the commissioning of the stateof-the-art Chennai Trade Centre (CTC) in January 2001 and the Trade Centre Bangalore in September 2004. whose officials visited Pragati Maidan in September-2013. has already emerged as a hub of trade-related activities in the region.Subsidiaries[edit] [23] ITPO has two subsidiaries namely Karnataka Trade Promotion Organisation (KTPO) and Tamil Nadu Trade [24] Promotion Organisation (TNTPO) with share holding of 51% in each of them. along with FICCI have held a successful “India Show” from 11–13 February 2012 at Expo Centre. Chinchwad New Town Development Authority (PCNTDA). The DPR contained an overview of eco-friendly fair in Asia. both of whom are engaged in the promotion and enhancement of Indian trade. entrance lobby and plaza and mini convention-cum-conference room. especially SME. ITPO has successfully completed the first phase of the setting-up of modern exhibition facilities outside Delhi. in setting up the proposed Pune International Exhibition and [29] Convention Centre at Moshi (Pimpri-Chinchwad). marketing and promotion and encourage the organisation of holding reciprocal exhibitions. ITPO also coordinated the construction of exhibition-cum-trade complex 'Maniram Dewan Trade Centre' for Assam [25] Trade Promotion Organisation at Sarusajai. 2012. a Steering Committee consisting of two nominees each from ITPO as well as FICCI is being constituted. implementation of bilateral trade promotion activities and organise training programmes plus exchange of experts. Under the MoU. Guwahati under 'Assistance to Sates for Developing Export [26] Infrastructure and Allied Activities (ASIDE)' Scheme. budget [30] estimates. ITPO is also helping Pimpri. developing and training. Under Phase-I of development. Kerala . revenue generation and details of MoU between ITPO and NPC. To facilitate Indian Industry and to bring synergy. The MoU would cover exchange of information relating to business activities. The MOU is an effort towards attaining synergy through harnessing the strengths of both ITPO and FICCI. ITPO is networking with International Organisation in the field of Trade and Commerce through membership or collaborative arrangements such as Memorandum of Understanding (MoU). TDAP and ITPO have also planned participation in five ITPO organised fairs in 2012-13. In order to facilitate bilateral ties. Media Report</ref> ITPO has signed MoU with (MOU) Department of Science & Technology (DST). Maniram Dewan Trade Centre consists of 3 fully air-conditioned halls of 800 sq. ITPO is in primary discussions with Government of Kerala and Kerala Industrial Infrastructure Development Corporation (KINFRA) for setting up an Trade Fair-cum-Convention Centre [28] at Kochi. Government of India in September 2012 for holding National Level Exhibition and Project Competitions (NLEPCs) under the Innovation in Science [31] Pursuit for Inspired Research ( INSPIRE) scheme. The Industry and Commerce Department of Assam in association with ITPO developed the project spread over an area of 10 acres. To implement the [33] MOU. product profiles. drill for organizing EPIF. The Chennai Trade Centre which addresses a long-felt need for a permanent and modern exhibition venue in Tamil Nadu. each. for facilitating trade in North-Eastern States. ITPO has signed MoU with Federation of Indian Chambers of Commerce & Industry (FICCI) to collaborate on trade promotion. located at Meskel Square. identify potential products markets and introduce to each other opportunities for cooperation and partners for investment and trade. The MOU provides for mutual cooperation in the areas of knowledge-based services. In its bid to provide an added boost to the gem and jewellery industry. Negotiations with the AACCSA are underway. The tone is a fusion of preservation of traditions of Trade and Investments along with modern identity of ITPO. according to data from AACCSA. CII and ITPO decided to jointly hold an exclusive Indian exhibition in September 2012 at São Paulo (Brazil). The company is [40] having a Total Assets exceeding ₹ 1100 crores and more than 1050 employees.The vertical and horizontal strokes in the symbol represent life and prosperity . To implement the MOU. To mark the beginning of these collaborative efforts. with a combined investment capital of five billion dollars. ITPO recently signed MoU with Visvesvaraya Industrial Trade Centre (VITC). CII and ITPO would be jointly organising yet another Indian exhibition at Lagos. ITPO is to participate in 18th Addis Abeba Chamber of Commerce & Sectoral Association (AACCSA) International Trade Fair to be held at Addis Abeba Exhibition Center and Market Development Enterprise (AACMDE). interact periodically to formulate strategies to enhance trade and exports and review the progress achieved and provide each other with consultancy services within their scope of business service. The emblem has been derived from an inscription on a gold coin belonging to the era of the ancient ruler. The logo has a universal form. Logo[edit] ITPO logo was designed by eminent Graphic Designer Benoy Sarkar in 1974 for the erstwhile Trade Fair Authority of India. both parties [37] could sign an MOU in August 2013. currently. popularising the new Regional Trade Promotion Centres and events in various States of India. both within and outside India. Karnataka in May 2013 with the objective of co-operating with each other to carry forward the objectives of their respective organizations for mutual benefit and achievement of common goals of promoting the industry and exports from the region. Currently. The areas covered under the MoU are to Exchange information on each other‟s area of activities. India for conducting New Delhi World Book Fair every year. Similar agreement is recently done with Department of Disability Affairs for organizing Swavlamban. cooperate in organizing and participate in trade promotion activities. Nigeria during this financial year. Financials[edit] ITPO registered an increase of about ₹ 68 crores in total income during FY 2011-12 which went up to about ₹ 374 crores from about ₹ 305 crores during FY 2010-11. These events are being planned in markets which are.ITPO has also signed MoU with the Confederation of Indian Industry (CII) in April 2011. Further. Samundragupta( circa 330-380 A.) symbolising the zenith achieved in external trade. a four-day National Fair on Aid & [39] Assistive Devices. ITPO attended the 17th edition of the fair with 44 companies. This replaced the existing once-in-two-years World Book Fair. ITPO signed an MOU with the Gems & Jewellery Export Promotion Council (GJEPC) on 13 February 2013 to launch the first India Gems & Jewellery Fair [36] (IGJF) in April 2013 at the Pragati Maidan. organising presentation meetings. close to 450 Indian companies have investment licences in Ethiopia. starting from [35] February-2013. The net profit of the company skyrocketed to about ₹ 183 crores. the largest international contingent in the fair. a Steering Committee is being constituted consisting of nominees from ITPO and CII. The Company is registered under Section 25 of the Companies Act. mobilising participation for trade fairs.D. ITPO signed MoU with National Book Trust. and if all goes well. The logo has an interesting depiction of letters T (Trade) and F (Fair). an impressive increase of about 158 percent over the previous year profit of about ₹ 78 crores. organising seminars and workshops. 1956 and so it does not declare any dividend. Indian companies have been playing a prominent role in investment since 1990. relatively untapped but hold [34] significant export potential for India. market studies. directed towards a collective and well-directed effort to promote India's trade identifying the internal strengths of the respective organisations. [38] ITPO went into agreement with Ministry of Rural Development for organizing Aajeevika Divas. It signifies an [41] authority of India exercising trade through fairs and exhibitions in India and abroad. banks may extend such facility after ensuring that the exporter has not availed of packing credit from another bank against the documents submitted. As far as possible. the bank to which the documents are submitted has to ensure that the proceeds are used to liquidate the packing credit obtained from the first bank. b) The existing packing credit may also be marked-off with proceeds of export documents against which no packing credit has been drawn by the exporter. If any packing credit has been availed of from another bank. However. (iii) Banks have. While allowing substitution of contract in this way. banks should ensure that it is commercially necessary and unavoidable. operational flexibility to extend the following relaxations to their exporter clients who have a good track record: a) Repayment / liquidation of packing credit with proceeds of export documents will continue. the substitution of contract should be allowed if the exporter maintains account with the same bank or it has the approval of the members of the consortium. this could be with export documents relating to any other order covering the same or any other commodity exported by the exporter. however. if any. In view of this possibility. The advance in excess of the export order is required to be adjusted either in cash or by sale of residual by-product oil within a period not exceeding 30 days from the date of advance to be eligible for concessional rate of interest. . c) These relaxations should not be extended to transactions of sister / associate / group concerns.c) Export of deoiled /defatted cakes Banks are permitted to grant packing credit advance to exporters of HPS groundnut and deoiled / defatted cakes to the extent of the value of raw materials required even though the value thereof exceeds the value of the export order. however. Banks should also satisfy themselves about the valid reasons as to why packing credit extended for shipment of a particular commodity cannot be liquidated in the normal method. it is possible that the exporter might avail of EPC with one bank and submit the documents to another bank.