By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Social BuzznessSocial Buzzness
  • News
    News
    Stay informed with the latest news and updates from around the world. Discover credible and reliable sources for breaking news, politics, business, sports, entertainment, and…
    Show More
    Top News
    The Prime Minister announced the launch of 5G services in India during his Independence Day speech from the Red Fort's ramparts.
    PM Modi to rollout 5G services in India on Oct 1
    October 1, 2022
    Zypp Electric, an Indian startup that offers an EV-as-a-service platform, has raised $25 million in a Series B round.
    EV Startup Zypp Electric raised $25M to hit 30 Indian cities by 2025
    February 11, 2023
    Startups boost the economy with revolutionary technology and create new industries over time. Read full article on socialbuzzness.
    Exclusive: Edtech Startups Lido Files For Insolvency And Bankruptcy
    September 20, 2022
    Latest News
    EV Startup Zypp Electric raised $25M to hit 30 Indian cities by 2025
    February 11, 2023
    Zoho To Hire 1,000 More Employees In Fy24, Committed To No Layoffs
    February 3, 2023
    Cars24 Plans To Hire Over 500 Employees Across Verticals In The Next Quarter
    February 3, 2023
    Physics Wallah to hire 2500 employees across verticals by March
    February 3, 2023
  • Business
    Business
    Find the best businesses in socialbuzzness with expert reviews and ratings. Browse services, products, and top-rated companies to help you make informed decisions.
    Show More
    Top News
    Entrepreneurs and early investors can realize the full profit from their investment in the market through an Initial Public Offering (IPO).
    What Is an Initial Public Offering (IPO)? How can you invest in one?
    July 23, 2022
    This article will explain what career values ​​are, why they are important, the different career values, and how to identify your own.
    How To Assess Your Career Values
    December 26, 2022
    Investing in Indian startups has surged in recent years, rising to more than $36 billion in 2021, according to figures.
    Top Indian Startups To Watch in 2022
    October 12, 2022
    Latest News
    How to Choose the Right Accounting Software for Your Business?
    February 28, 2023
    Challenges of Small And Medium Enterprises at the Start of Trade
    February 28, 2023
    Best Home Rental Sites in India
    February 24, 2023
    How to Reduce the Cost of Hiring Social Media Professionals
    February 23, 2023
  • Technology
    Technology
    Stay ahead of the technology curve with the latest news and reviews. Explore the latest gadgets, software, and services, and find expert advice on how…
    Show More
    Top News
    You must have noticed it in recent days; Instagram has been given a makeover by modifying two tabs on its interface.
    Top 6 Instagram Features That We Are Using Everyday
    January 13, 2023
    Both positive & negative influences on communication evaluations are present. Credibility of the material is to be checked by reader.
    New media: Importance of ethics in the process of communication
    September 25, 2022
    The achievement among most business owners could be attributed to advertising, which is similarly transformed by technological development.
    Rapid Technological Development Revolutionized Marketing
    February 26, 2023
    Latest News
    How Cloud-Based Radiology Solutions Help Improve Workflows
    March 24, 2023
    Rapid Technological Development Revolutionized Marketing
    February 26, 2023
    Top 6 Instagram Features That We Are Using Everyday
    January 13, 2023
    How Can You Boost Your Business Using The Technology? 
    December 2, 2022
  • Finance
    Finance
    Stay on top of your finances with expert advice and resources. Find the best financial products, services, and companies to help you manage your money,…
    Show More
    Top News
    Investment decision always require some basic knowledge for you to enter into an unexpected market. Read the article to know.
    Things to Consider Before Making Any Investment Decision
    November 2, 2022
    SIPs can be easily transferred from one company to another, but mutual funds require more work to transfer.
    Understand The Difference between SIP And Mutual Funds
    March 17, 2022
    You make sure it benefits you for the long term, keeping all this in mind, here are some common mistakes first-time home buyers should avoid.
    Common Mistakes First-Time Home Buyers Should Avoid
    October 10, 2022
    Latest News
    Enhancing Employee Performance Through Monetary Incentives
    March 10, 2023
    The Reverse Mortgage System in India
    March 9, 2023
    How Loan Management Software Can Streamline Your Lending Process
    March 9, 2023
    Where To Do Investments For Tax Planning
    February 26, 2023
  • Success Stories
    Success Stories
    Find inspiration and guidance for achieving your goals with real-life success stories. Learn from individuals who have overcome challenges and accomplished their dreams, and discover…
    Show More
    Top News
    Rapido, a technology-driven startup based in India, has developed an innovative bike hailing and logistics platform.
    Rapido Bike-Sharing Startup that Proliferated & Became a Success
    September 16, 2022
    Pepperfry is India's largest online furniture store, with more than 200,000 products, including furniture, home accessories, & kitchen goods.
    Success Story of Pepperfry: India’s Largest Online Furniture Store
    September 16, 2022
    With cutting-edge solutions, Practo provides healthcare technology to customer. Practo allows doctors to manage patient records in the cloud.
    How Practo Became the Largest Health tech Company in India – Success Story
    October 30, 2022
    Latest News
    Success Story of Bill Gates, Microsoft co-founder
    October 13, 2022
    Top Indian Entrepreneurs Success Stories that will inspire you
    October 15, 2022
    Apollo Tyres unveils tyres for premium bikes
    October 10, 2022
    How Practo Became the Largest Health tech Company in India – Success Story
    October 30, 2022
  • Explore By
    • Knowledge Corner
    • Education
    • Lifestyle
    • Travel
    • Entertainment
    • Health
Reading: What is FIEO? Role of FIEO in the Growth of Indian Export Businesses
Share
Notification
Latest News
Cloud-based radiology solutions aid healthcare institutions in streamlining processes & lowering costs by providing a consolidated platform.
How Cloud-Based Radiology Solutions Help Improve Workflows
Technology
Getting married is an exciting yet stressful process. Here are some tips on how to choose the best wedding photographer.
How To Choose The Best Wedding Photographer
Lifestyle
Monetary Incentives play an essential role in employee performance. Let us read about the impact of it through this article.
Enhancing Employee Performance Through Monetary Incentives
Finance
Homeowners aged 62 having paid off the mortgage can borrow a part of equity in property. Here are things to know about Reverse Mortgage System
The Reverse Mortgage System in India
Finance
Loan management software in your lending firm might be substantial adjustment, but it is necessary to maintain your lending process.
How Loan Management Software Can Streamline Your Lending Process
Finance
Aa
Social BuzznessSocial Buzzness
Aa
  • Business
  • Entertainment
  • Technology
Search
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Explore By
    • Education
    • Success Stories
    • Entertainment
    • Health
    • Lifestyle
    • Travel
  • Quick Links
    • Bookmarks
    • Contact
    • Write for us
Follow US
  • Advertise
Copyright © 2022 Socialbuzzness. All Rights Reserved - HRI Consultants.
Social Buzzness > Business > What is FIEO? Role of FIEO in the Growth of Indian Export Businesses
Business

What is FIEO? Role of FIEO in the Growth of Indian Export Businesses

Social Buzzness
Last updated: 2022/12/01 at 10:34 AM
Social Buzzness
Share
9 Min Read
The Federation of Indian Export Organizations (FIEO) acts as a go-between for Indian businesses and the federal and state governments.
SHARE

By 2025, India hopes to have an economy worth $365 trillion. It can only be done by doubling the current value of exports to a total of 13 billion by the target year. To achieve this goal, the Indian government must play a pivotal role in encouraging the expansion of India’s export sector.

Contents
FIEO: What is it?How FIEO Contributes to India’s Export MarketSupports Exporters and Facilitates Communication with GovernmentsOffers Access to MaterialsIncorporates business sector input into policymakingRecognizes and Encourages ExportersTraining and Other UpdatesRecruitmentIndia’s Role in International BusinessAdvantages of the Indian Exporters’ FederationCOO, or Certificate of Origin:RCMC, or the Registration cum Membership Certificate:A grant from the MAI (Market Access Initiative)Conclusion

India’s government has set up various agencies and departments to support its export businesses as they grow internationally. The FIEO (Federation of Indian Export Organisations) is one such group. This post will explain how FIEO assists Indian companies in expanding their exports.

FIEO: What is it?

Among the various export development authorities, commodities boards, and export promotion councils recognized by the Government of India, the Federation of Indian Export Organizations (FIEO) is far and away above the others. In 1965, the government of India formed this group to coordinate the efforts of many parties interested in boosting India’s exports.

The Federation of Indian Export Organizations (FIEO) acts as a go-between for Indian businesses and the federal and state governments. The group also links Indian exporters and other sectors, including transportation (road, port, rail), finance (banks), and more. 

As of 2021, FIEO’s efforts will help about 2 lakh exporters in the country’s services and industrial sectors. As of 2021, the organization reported 33,570 members and ISO 9001:2015 certification.

How FIEO Contributes to India’s Export Market

Regarding directing and bolstering India’s export industry, FIEO is vital. Everything from working with the government of India to putting up an online storefront is on the table. Let’s take a look at them:

Supports Exporters and Facilitates Communication with Governments

The FIEO assists stagnated Indian exporters by raising awareness of their situation amongst relevant authorities in India and abroad. Because FIEO specialists are accessible online to provide information on policy and international commerce, the organization serves as a vital resource for Indian exporters.

Offers Access to Materials

The Federation of International Export Organizations (FIEO) maintains a website (www.fieo.org) that provides exporters with information about trade promotion firms with global reach, international business possibilities, trade policies, and publication updates.

Niryat Mitra, an app owned and operated by FIEO, provides users with daily reports on tariffs, foreign exchange markets, import/export policy revisions, and emerging business possibilities. All the above information and access to FIEO’s publications and events calendar are available within the app.

The FIEO website is an excellent place for exporters to showcase their businesses, brand, and products. FIEO provides a free online store for exporters to use. A partner of Enterprise Europe Network on behalf of India, the organization, facilitates worldwide expansion for micro, small, and medium-sized enterprises.

Incorporates business sector input into policymaking

The FIEO sets up conferences with government officials to raise trade issues and resolve them rapidly. Members of FIEO are heavily represented on governmental working groups and committees at the federal and state levels, where they help shape trade policy.

On behalf of the Indian government, FIEO owns and runs the website www.indiantradeportal.in. This site details tariffs in 87 different countries, data on India’s share of those nations’ imports, advice on India’s import/export strategy, and information on taxation details, duty disadvantages, and local programs to incentivize exports. Free, minute-by-minute updates are sent via email and text message.

Recognizes and Encourages Exporters

Award ceremonies are held frequently to recognize the best export companies and facilitators.

The group coordinates exhibitions, catalog shows, and business delegates domestically and internationally. FIEO also signs MoUs with their international equivalents.

Training and Other Updates

Policy, banking, commercial prospects, taxes, and the World Trade Organization (WTO) are only some of the themes covered in FIEO’s weekly and monthly web bulletins. The bulletins include feature commercial and technological requirements and R&D collaboration announcements.

A wide variety of international business professionals, government officials, and economic organizations read the publications. The website features a regularly updated listing of export businesses that can be viewed via a search bar.

The organization works with Indian academic institutions to train professionals who can fill positions in the booming international commerce industry. Workshops, training programs, and seminars are just some of how FIEO encourages entrepreneurship in international trade.

Recruitment

FIEO uses its website for open advertising positions, letting students and professionals post their resumes and giving members access to those resumes for recruitment.

India’s Role in International Business

As of 2020, India’s share of global exports is only 1.61 percent, placing it 20th among the world’s export centers. Imports grew at a CAGR of 0.60 percentage points, while exports rose at a CAGR of 1.36% in the five years through 2020-21. 

The trade imbalance for 2020-21 was $102.45 billion, with imports totaling $393.61 billion and exports coming in at $291.16 billion. The trade deficit shrank by an average of 36% per year over those five years.

In 2020-21, the United States of America, China, the United Arab Emirates, Bangladesh, Hong Kong, Germany, Singapore, the United Kingdom, Nepal, and the Netherlands were India’s top 10 export markets. 

Sales to these regions constituted 50.48 percent of India’s total exports that year. The country’s export growth slowed across all areas besides Bangladesh and China. In 2020, 19.81% of India’s total value of exports of $57.67 billion went to the North American region.

Of the 21 regions, North East Asia contributed 14.47% ($42.12 billion), the European Union 14.21% ($41.36 billion), ASEAN 10.81% ($31.49 billion), and West Asia-GCC 9.54% ($27.77 billion). There was a reduction in shipments to all of these regions except for North East Asia, which accounted for 1.83% of total exports last year.

Advantages of the Indian Exporters’ Federation

Organization Membership

COO, or Certificate of Origin:

The FIEO provides its members with a COO and visa recommendation letters.

RCMC, or the Registration cum Membership Certificate:

The group issued the RCMC so that status and non-status holders could take advantage of India’s international trade strategy.

A grant from the MAI (Market Access Initiative)

To support its members’ participation at global trade fairs and exhibitions, the FIEO issues money under the MAI scheme. Members can promote their products at subsidized booths at various events and participate in delegations. Over fifty of the world’s most prestigious trade shows are associated with the FIEO.

In addition to these search engine optimization features, FIEO members can participate in FIEO-organized business-to-business (B2B) meetings and have their product lines featured on the FIEO website.

Conclusion

The Federation of Indian Export Organizations (FIEO) is a professionally operated group to improve India’s export industry. Companies serious about expanding their exports need not be concerned about logistics. They initiate their use by visiting the site or installing the app. They can use FIEO’s tools to keep up with developments as they occur.

The government of India has initiated several initiatives to boost exports. The advance Authorization Scheme is one such initiative. Any materials used to make an export-bound product qualify for duty-free entry through the Advance Authorization Scheme. Usually, getting an advance authorization means that you have to fulfill an export obligation.

On Socialbuzzness, features articles on and about technology, business, lifestyle, and health. Socialbuzzness covers all kinds of news, including entertainment, technology, business, and finance.

You Might Also Like

How to Choose the Right Accounting Software for Your Business?

Challenges of Small And Medium Enterprises at the Start of Trade

Best Home Rental Sites in India

How to Reduce the Cost of Hiring Social Media Professionals

Why is Management Important in an Organization?

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Social Buzzness December 1, 2022
Share this Article
Facebook Whatsapp Whatsapp Telegram Copy Link Print
By Social Buzzness
Follow:
Socialbuzzness is a website which covers all kinds of news like entertainment, technology, business, finance and many more. We give you the latest news with understandable language. Having a good lifestyle is necessary to be successful after reading our lifestyle articles you surely will be motivated.
Previous Article Everyone dreams about study abroad because of the various advantages it offers. It provides so many benefits. Why Study Abroad? 15 Important Reasons to Study Abroad
Next Article Do you want to boost your business in this dynamic and fast-moving technology? Here's how you can use technology to grow your business. How Can You Boost Your Business Using The Technology? 
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
- Advertisement -
Ad imageAd image

Latest News

Cloud-based radiology solutions aid healthcare institutions in streamlining processes & lowering costs by providing a consolidated platform.
How Cloud-Based Radiology Solutions Help Improve Workflows
Technology March 24, 2023
Getting married is an exciting yet stressful process. Here are some tips on how to choose the best wedding photographer.
How To Choose The Best Wedding Photographer
Lifestyle March 17, 2023
Monetary Incentives play an essential role in employee performance. Let us read about the impact of it through this article.
Enhancing Employee Performance Through Monetary Incentives
Finance March 10, 2023
Homeowners aged 62 having paid off the mortgage can borrow a part of equity in property. Here are things to know about Reverse Mortgage System
The Reverse Mortgage System in India
Finance March 9, 2023

Welcome to the Social Buzzness. This is a website where you will find blogs related to technology, business, news, lifestyle, health and many more. It is obsessed with providing fresh content to all the readers with realism and multiple fact-checking.

Quick Link

  • Home
  • About us
  • My Bookmarks
  • Write for us
  • Contact

Top Picks

  • News
  • Business
  • Finance
  • Technology
  • Success Stories

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Follow US

Copyright © 2022 Socialbuzzness. All Rights Reserved - HRI Consultants.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?