WTC Bhubaneswar inks MoU with Berhampur University

May 17, 2023

World Trade Center Bhubaneswar inked an MoU with Berhampur University, Odisha in order to strengthen the trade education initiatives of the center as well as venture into district level interventions under the Export Facilitation Cell mandated by MSME Department, Government of Odisha.

The MoU was inked with an objective to explore areas of mutual collaboration in the field of technology, innovation, sustainability and venture into strengthening entrepreneurship as well as international trade.  The collaboration shall also work towards opening up opportunities for the students aspiring to venture into entrepreneurship to further raise awareness among them to generate interest to explore export related skill sets as well as employment opportunities.

Shri. Bhibuti Bhushana Dash, (IOFS), Special Secretary, MSME Department, Government of Odisha deliberated on the nuances of International Trade, Export Turnover Scenario, Export Preparedness Index of Odisha and the schemes / incentives by the Government of Odisha for the potential exporters as well as the aspiring exporters.

Prof. Geetanjali Dash, Hon’ble Vice Chancellor, Berhampur University in her address spoke about the opportunities for the students from the mutual collaboration which would further assist in accelerating entrepreneurship further focusing on export businesses. She also urged the students to explore the unconventional ways of employment and imbibe the skill set for the same.

Mr. Rajen Padhi, Honorary Convener, International Trade Promotion Think Tank, WTC Bhubaneswar & Commercial Director, B One Business House delivered a presentation on the basics of exports. He deliberated on why to trade with other nations, basic concept of International Trade, India’s Top 10 trading partners, GATT, WTO, WCO AND Export Procedures. He also spoke on the basics of starting an export business, IEC Registration, RCMC, Export Promotion Councils, Export Documentation, Inco Terms, SWIFT, Duty Drawback, RODTEP Scheme, modes of payment, types of LC Payment Risk Coverage, Payment Regulators and Custom Tariff Act 1975.

Earlier in the session, Mrs. Nimeshika Natarajan, Assistant Director, World Trade Center Bhubaneswar highlighted various action points across sectors to facilitate skilling initiatives & conduct programs to provide an appropriate platform and scope to the students for unconventional learning and exposure.

Prof. Sudhakar Patra, Director, IQAC, Berhampur University, Shri Sachidananda Nayak, OAS-(S), Registrar, Berhampur University, Prof. Susanta K Baral, Chairman, PGC, Berhampur University also made their deliberations during the session.

The MoU was inked on Wednesday, 17th May, 2023 at Conference Hall, Berhampur University.