Export promotion refers to that policy of the government that offers encouragement

to the exporters with a view to enhance the export of the country. In order to achieve

this objective they are given numerous incentives and facilities.

export promotion

1. Government activities to help sell exports by providing export incentives at home, and various forms
of practical assistance for exporters abroad. These include advice on local trading laws and practices, the
provision of export credits or guarantees on favourable terms, and diplomatic pressure, including tying
aid to export sales.

2. A strategy for promoting economic …

Features of export promotion organizations

10:02 PM Posted by prashant32

Labels: Export Marketing

In India the government of India has set up various export promotion s organization

to assist Indian exporters in their marketing activities some of the important export

promotion organization s include commodity boards, export promotion councils, chambers

of commerce Indian institute of packaging Indian institute of foreign Trade etc . The main

features of export promotion organization are as follows:

1. Non profit organizations

The export promotion organization is not profit organizations their main objective is

to assist the Indian exporters in their marketing and promotion activities and not to make profits.
2. Assistance to Indian Exporters.

The export promotion organization assists Indian exporters in their promotion and

marketing goods and services. The r various export marketing organization provide

help to the exporters right form the stage of selection of export products and markets

till the goods reach the importer and the realization go export proceeds.

3. Government assistance.

The export promotion organization receives financial assistance from the government.

This is because the organization cannot survive on their own as they are non-profit organizations.

Recommendations.

The export promotion organization provides recommendations to the government on behalf

of the exporters. The recommendations are provided so as to solve the problems faced

by the exporters and to provide better facilities to them

5. Consultancy Services.

Some of the export promotion organizations provide consultancy service to the exporters.

The consultancy services are provided in respect of product design pricing m channel section

selections of agents, etc.

6. Publications.
The export promotion organization brings out their own publication. The publications carry

vital information relating to export and import; Fr instance The IIFT publishes information

through its journals – Foreign Trade Review and Foreign Trade Bulleting.

INTRODUCTION Since 1951, the Government of India has started a number of institutions to assist

the export trade sector. Such institutional agencies provide organisational

support t exporters. However, they do not participate directly in export trade.

They only help exporters in finding out suitable markets, guide them through

suitable information about foreign markets and inform them about government

policies and incentives offered.

Foreign trade organisations for export promotion indirectly help Indian exporters in their

export promotion efforts. EXPORT PROCESSING ZONES (EPZ)

Meaning

The meaning of Export Processing Zones (EPZs) can be broadly defined as an area

enjoying special government of India support with respect to fiscal incentives, tax rebates

and other exclusive benefits for the growth of export. As a part of export promotion drive,

the Government of India has established free

trade zones (also known as Export Processing Zones) in different parts of the

country. The basic idea behind setting up EPZs/FTZs is to provide an

internationally competitive duty free environment for export promotion at low

costs so that exporting units will operate sucessfully in the international

markets. A free trade zone is an area or industrial belt near a sea/airport where

a manufacturing unit can import goods duty free provided the products manufactured

are for exports only. Import of goods is duty free but the entry of foreign
nationals is not free. The units operating at the free trade zone are expected to

export their production to the full extent. The purpose is to offer certain

special incentives in the zones and thereby to encourage manufacturers to promote

exports. This enables the products of EPZs to be competitive, both quality-wise

and price-wise, in the international market.

Objectives • Encourage and generate the economic development • Encourage Foreign Direct
Investments (FDI) • To channel the sources of foreign exchange within the system in a phased

manner

Foster the establishment and development of industrial enterprises within

the said zones

Encourage and generate wider economic activities by encouraging foreign

investments for the development of the zones

To channel the foreign exchange earnings for the further development of

these zones and explore new areas for the development of Indian exports

Encourage establishment and development of Indian industries and business

enterprises and facilitate with proper infrastructure Generate employment

opportunity

Upgrade labor and management skills • Acquire advanced technology for increased productivity

• Ensure world class quality of products Advantages (1) Free trade zones (FTZs) are industrial
estates which form enclaves from the

national customs territory of a country and are usually situated near seaports or

airports.

(2)

The entire production in such zones is usually meant for exports. (3) Suitable vast area with

infrastructure facilities is selected for such free