Session for Promoting Engineering Exports

Jan 16, 2019

World Trade Center Bhubaneswar associated with EEPC (Engineering Export Promotion Council) of India to organize an awareness session for engineering sector here in Bhubaneswar. This was the second such initiative taken by both the organizations to enhance the awareness of the entrepreneurs of the state.

Mr. Pawan Sureka, Chairman, Functional Committee on Export Awareness (ER), EEPC India, in his address urged that the engineering companies of Odisha should focus on exploring the international markets. “Given the range of products and the excellent infrastructure facilities we should wide open the scope of our activities to do export” Mr. Sureka said. He also gave an insight about the existing difference in the domestic and international market scenario and customer behavior. “Domestic customers are equally demanding as those in export markets” he added. 

Ms Anima Pandey, Regional Director, Eastern Region and Director (Membership), EEPC India made a presentation deliberating on the conception and journey of EEPC India and the trend of engineering exports v/s total exports in various countries across the globe in the past 10 years. She further discussed about the services offered by EEPC India and highlighted upon the initiatives taken by the council to promote exports. She also explained about the Export Incentives & schemes, duty exemptions, Free Trade Agreements, India’s FTA engagement and Challenges. She also shared the details of International Engineering Sourcing Show IESS VIII: 14 - 16 March 2019.

Mr. Suman Kumar Jena, Branch Manager, Export Credit Guarantee Corporation Ltd, Bhubaneswar made a presentation detailing about Principle of Insurance, Export Credit Insurance, Insurance for different types of exports, Letter of credit [LC] & Non LC transactions. He explained about the benefits of credit insurance and the risks which are covered by the corporation. 

Mr. Satyanarayan Padhi, Regional Head, ICICI Bank Ltd, Bhubaneswar in his address shared the insights of different financial assistance mechanisms and procedures of the bank for MSMEs and EXIM businesses. 

Ms. Nimeshika Natarajan, Assistant Director, World Trade Center Bhubaneswar in her address spoke about the global network of WTCA and the objective of World Trade Center Bhubaneswar towards promoting international trade. She also made a presentation highlighting the focus sectors and the capacity building measures taken by the Center for hand holding the MSMEs to increase their competence and enhancing their competitiveness in the Global markets. 

In Photo (L-R): Ms. Nimeshika Natarajan, Assistant Director, World Trade Centre Bhubaneswar Ms. Anima Pandey, Ms Anima Pandey, Regional Director, Eastern Region and Director (Membership), EEPC India, Mr. Suman Kumar Jena, Branch Manager, Export Credit Guarantee Corporation Ltd, Mr. Pawan Sureka, Chairman, Functional Committee on Export Awareness (ER), EEPC India, Mr. Satyanarayan Padhi, Regional Head, ICICI Bank Ltd, Bhubaneswar