Project on Institutional Framework

8/7/2019 Project on Institutional Framework

1/44

roject onroject onInstitutionnstitutionll

Frameworkramework


2/44

Export Promotion Councils( )EPCs


3/44

Meaning

-Export Promotion Councils are the non,profit organization registered under

the Companies Act or the Societies

, .Registration Act as the case may be They are also known as the Registering

Authorities for exporters under the.Foreign Trade Policy

The establishment of EPCs is one of themajor step taken by the Government Of.India

The functions of all EPC are more or

.less identical


4/44

Functions Of EPCs

.Providing Information

.Providing Assistance

.Collection of data

.Motivating Exporters


5/44

Contd

.Solving transport problems

.Settling Disputes

.Opening Offices Abroad


6/44

Role

The main role of EPC is to projectIndia s image abroad as a reliable

supplier of high quality goods and

.services ,In other words EPC is an agency

established with the mandate todevelop and promote exports of goods

,and services and also harmonize.export related activities

EPC is the national focal point for the.development and promotion of exports


7/44

Present Position Of EPCs

At present there are 27 EPCs dealing with various,commodities such as basic chemicals gems and, , ,jewellery cotton textile sports goods

handicrafts and so on :Following are some of the EPCs

.1 Agricultural and Processed Food Products Export( ).Development authority APEDA

.2 ,Basic chemicals Pharmaceuticals and Cosmetics.Export Promotion Council

.3

.Cashew Export Promotion Council

.4 .Council for Leather Exports

.5 .Export Promotion Council for handicrafts


8/44

Export Credit Guarantee

Corporation of India Limited( )ECGC


9/44

About ECGC

xport Credit Guaranteeorporation of India Limited (ECGC

)in short is a company wholly owned by.the Government of India

It was set up in July 1957 and works&under the Ministry of Commerce

, ,Industry Department of Commerce.Government of India

Export Credit Guarantee Corporation of

.India is 51 years old


10/44

Contd

It is managed by a Board of Directors..

ECGC is the fifth largest creditinsurer of the world in terms of

.coverage of national exports

-The present paid up capital of the.company is Rs 900 crores and

. .authorized capital Rs 1000 crores


11/44

Why is Export Credit Guarantee

needed?

Export credit insurance is essentialfor exporters to avoid the various

.risk factors

,Besides this ECGC makes the process.of obtaining export finance


12/44

Contd

Export Credit Guarantee Corporation isrequired for the smooth functioning of

all aspects relate to exports of

.goods

Payments for exports are prone to risks.even in good times

Factors like outbreak of a war or civil.war problems in BOP etc


13/44

Contd

,Besides all these commercial risks ofa foreign buyer becoming bankrupt

are enhanced due to the prevailingpolitical and economic.uncertainties

To tackle all these and various,other issues related to exports it

is very important to have an

.organization like ECGC


14/44

India Trade Promotion( )Organistion ITPO


15/44

Meaning

The India Trade Promotion Organisation( ) .ITPO was established by the Govt of

India through the merging of TDA with

, .TFAI in Jan 1992

-Greater Co ordination Effective Facilities Head Office New Delhi Trade Information Centre


16/44

Objectives

-Promote Export Import

Publicity

Organise programmes

Market Intelligence

Promote Business Contacts


17/44

Services of ITPO

Trade Fairs and Exhibitions

Giving publicity to Trade Fairs andExhibitions

Booking of Space in Overseas Trade Fairs

Inviting and Sending Trade Deligations

Providing Consultancy Services


18/44

Contd Organizing Seminars and Workshops

Research Activities

-Buyer Seller Meet

Promotion through Departmental Stores

Contact Promotion Programmes


19/44

Membership Of International

Organisations Member of

,Union Of Foires InternationalFranceAsia Trade Forum

MOUs with &Chamber Of Commerce,Industries France

Korean Trade Promotion(Organisation KOTRA)

Hong Kong Trade Development


20/44

Contd

Japan External Trade Organisation(JETRO)

o

Information Exchange Agreement Singapore Trade Development

Board


21/44

Exhibitions in India

.International Security Exhibition ( ).Aahar Food Expo .Printpack India .Delhi International Shoe Fair - .Tex Styles India ( ).Prakash Lighting Exhibition .The India International Leather Fair .International Leather Goods Fair .The India International Trade Fair


22/44

Exhibitions Overseas

Participation by Indian Companies Fairs offer exporters

, ,Textiles and garments leather goodshandlooms and handicrafts to

, ,engineering goods hardwares hand,and machine tools electronic and

.computer items

Indian products to more than 100cities

.Identification and selection


23/44

in India

Party in India

Abroad

Delhi Book Fair,New Delhi

Dec.25,2010 - Jan.2,2011Venue : New Delhi

Expodent Intl.

Dec : 7-19, 2010

Venue : New Delhi

Intermoda Guadalajara

Jan : 19-22, 2011

Venue : Mexico

Stationary Fair,New Delhi

Dec.25,2010 - Jan.2,2011Venue : New Delhi

India Art Summit 2010

Jan : 20-23, 2011

Venue : Mumbai

Addis Ababa ChamberIntl. Trade Fair

Feb : 25-28, 2011

Venue : Addis Ababa(Ethiopia)

Print Pack & Signage

Jan : 16-21, 2011

Venue : New Delhi

Delhi Wood 2011

Feb : 17-20, 2011

Venue : Bangalore

Foodex

March : 1-4, 2011

Venue : Tokyo (Japan)

Tex-Styles India

March : 2-5, 2011Venue : New Delhi

Medical Fair India 2011.

March : 25-27, 2011Venue : New Delhi

Cairo Intl Fair

March : 15-25, 2011Venue : Cairo (Egypt)


24/44

Special Economic Zone( )SEZ


25/44

( )Special Economic Zone SEZ

( )Special Economic Zones SEZs scheme.in India

Special Economic Zone means aspecified region in a state that has

liberal economic laws in comparison

to the state's typical economic.laws


26/44

,In INDIA SEZs are located at

( )Currently there are 114 as on Oct 2010 SEZsoperating throughout India in the following.states

Karnataka 18 Kerala 6

Chandigarh 1 Gujarat 8 Haryana 3 Maharashtra 14 Rajastan 1 -Orissa 1 Tamil Nadu 16 Utter Pradesh 4 - West Bengal 2

Additionally more than 500 SEZs are formally


27/44

,Additionally more than 500 SEZs are formally( )approved as on Oct 2010 by the Govt of India

.in the following states

Andhra Pradesh 109 Chandigarh 2 Chattisgarh 2 Dadra Nagar Haveli

4 -Delhi 3 Goa 7 Gujarath 45 Haryana 45 Jharkand 1 Karnataka 56 Kerala 28

Madhya Pradesh 14 Mahrashtra 105 Nagaland 1

Orissa 11

Pondicherry 1 Punjab 8 Rajasthan 8

Tamil Nadu 70 Uttarankhand 3 Utter Pradesh 33 - West Bengal 22


28/44

Features of SEZ

Establishment of SEZ

Export and import

Activities Permissible

Foreign Direct Investment


29/44

Types of SEZ

-Sector Specific SEZ units may be setup for

- -Multi product SEZ units may be set upfor

Other SEZ s


30/44

/Incentive Facilities availablefor SEZ units

Customs and Excise Income tax Foreign Direct Investment / /Banking Insurance External CommercialBorrowings Central Sales Tax Act Service Tax Environment Drugs and Cosmetics - /Sub Contracting Contract Farming


31/44

Indian Council OfArbitration


32/44

What is Arbitration?

Arbitration is a procedure in which a,dispute is submitted

,by agreement of the parties to one or morearbitrators who make a binding decision

.on the dispute

,In choosing arbitration the parties optfor a private dispute resolution

.procedure instead of going to court


33/44

The Indian Council ofArbitration Establishment

( )The Indian council of arbitration ICA was setup inaccordance to the recommendations of the committee onCommercial Arbitration constituted by the Ministry of

, .Commerce Government of India It was set up on 15th, -April 1965 as an autonomous non profit organisation

, .registered under the Societies Registration Act 1860

The main objective of the council is to promote the use,of commercial arbitration particularly in the course of

.India s export trade

ICA is a member of the Federation of International-Commercial Arbitral Institution and has mutual co

operation agreements with the International court of,Arbitration the London Court of Arbitration and apex

, ,arbitration bodies in Thailand Republic of Korea, , , , , ,Yugoslavia Bulgaria Romania Malaysia Australia USA

, , , , , ,Denmark Mauritius Russia Germany Egypt Switzerland, , , .Japan Philippines Sri Lanka South Africa and more

l


34/44

Panel

t maintains a panel of:rbitrators consisting of

. , ,Retd Judges Advocates

,Shipping Experts Chartered,accountants ,Chartered Engineers

,Businessmen

Foreign Nationals and Executiveshaving specialization in more than

.20 fields


35/44

Functions of Indian Council ofArbitration

The council provides arbitration facilities for all types of

.domestic and International commercial disputes It uses its network of offices for conciliation of

International trade complaints received from Indian and, - -foreign parties for non performance of contracts or non

.compliance with arbitration awards

, ,It organizes arbitration meetings conferences training, ., - -programmes etc from time to time in different parts of.the country

It conducts research and publishes informative literature on,different aspects of commercial arbitration including a

.quarterly Arbitration Journal

It provides information and advice to interested parries,regarding the drafting of trade contracts arbitrationlaws and facilities and dispute settlement procedures in

.India and in other parts of the world ,It keeps the breast of the latest developments in the

field of International commercial arbitration and

-maintains co operative links with national and .International arbitration bodies throughout the world


36/44

ICA RULES Its Rules of Arbitration have recently been revised based on

, .the Arbitration and Conciliation Act 1996

These Rules are of international standard and they provide aguarantee wished for by the trade for quick and just

.settlement of the dispute

The Council has entered into arbitration service agreementswith important foreign arbitral institutions in more than

30 countries to administer abitrations under their rulesif arbitration is held in India

The ICA has framed its ules of arbitration comparableo international standardsfor conduct of arbitration.proceedings

The 1996 Act provides statutory recognition to conciliationas a distinct mode of dispute settlement and ontains

etailed procedure governing arbitration and.conciliation proceedings


37/44

eed of Arbritration usiness Contracts often RequireArbitration

,Typically many business throughout virtually all

industries in India use arbitration as ameans of rectifying outstanding businessdisputes

o Relieve the Congestion in the Courts

It also helps in reliveing the local public fromtaking dates of courts and frees from pending

.decisions of court


38/44

acilities by Council Rules are of international standard and they provide a

guarantee wished for by the trade for quick and just.settlement of the dispute

The Council also provides arbitration services forsettlement of maritime disputes arising out of charter

party contracts and it has framed maritime arbitration.rules for such disputes

The Council provides facilities for settlement of.international commercial disputes also by arbitration

]a To provide technical knowledge on Arbitration Laws and ADR:procedure

] /b the Council organises Conferences training programmes

( ),National and International

]c publishes literature and provides advisory services tobusiness organisations and

]d arbitration practitioners on trade terms and arbitration.clause


39/44

ast Track Arbitration The special feature of the rules of arbitration of

the Council is the fast track arbitration underwhich parties may request the arbitral tribunalbefore the commencement of the arbitration

proceedings to settle disputes within a fixed

-time frame of 3 6 months or any other time frame.agreed by the parties

k f


40/44

Network of ICA ervice Agreements with Foreign Arbitral Organisations

has entered into arbitration service agreement with , ,SA UK, , , , ,ussian Federation Canada Italy Germany Singapore.ustralia etc

Some agreements provide for conduct of rbitration proceedingsy the Council under the rules of respective foreign

,rbitration organisations if the arbitration hearings are.held in India nline Service of ICA

The Council has a special website on nternet called ICANETto.provide information on Arbitration and Commercial Laws

-egional and State Level Offices of ICA

,Developed regional offices at Kolkata Chennai and Mumbai, , , , , , ,Ahmedabad Bangalore Bhubneshwar Hyderabad Pune Cochin

,Guwahati and Jaipur


41/44

ndian Council Ofrbitration Forms

, When different traders undertake business transactions they certainly

have good Intentions to cany out their trade deals faithfully and- .smoothly to earn a well deserved profit rafting of Commercial Contracts It should cover all important points and contingencies In clear and

. ,unambiguous terms And last but not least it must contain an.arbitration clause

tandard Contract Form Standard contract forms generally contain all important points

relating to a particular line of trade or important conditionsrequired in all commercial contracts generally as the case may

.be Standard contract forms can provide useful help In drawing.up of business contracts and make the job quite easy and simple

rbitration Agreement ,As explained above it Is very necessary and useful to make use of.arbitration In commercial dealings The former method of Including an arbitration clause In the

contract itself Is more expedient than entering Into an.arbitration agreement after a dispute arises

Advantages of Arbitration


42/44

Membership certificate

A li i F F


43/44

Application Form ForMembership


44/44

Thankinghankingou

Project on Institutional Framework

Documents

Transcript of Project on Institutional Framework