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Bhubaneswar, 12 Jan’ 2016: The 2014 guidelines on foreign export has been approved by the government and shall be notified shortly on how to efficiently facilitate credit, technology and marketing support to entrepreneurs on exporting, experts said at the ongoing MSME Trade Fair 2016, in which a discussion on ‘Strategy for Augmentation of Export from Odisha’ was held on Tuesday.

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While inaugurating the event, F M nayak, Additional secretary, MSME department, Govt. of Odisha stressed on the need to support and create awareness amongst entrepreneurs on how to market and export their services and products in the international market and in turn boost foreign exchange and Indian economy.

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UCCI president Ramesh Mohapatra urged the MSMEs to emphasize on exporting by taking the help of the government.

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Director EP&M B.K Das elaborated on the export policy of Odisha. He spoke on various strategies that MSMEs can undertake in order to explore international market and start trade export.

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Director of Industries N. Palai revealed that MSMEs add to 23% of the total export and approximately 20,000 crores worth of export goes from Odisha only, in the form of agricultural produce, forest produce, handicrafts, chemicals and metals. To promote and market MSMEs in the global scale, government is providing 50% of the ground/stall rent to enable maximum participation in international trade fairs, added Palai.

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During the technical sessions, Export Credit Guarantee Corporation of India Limited (ECGC) Branch manager L.N Sahoo explained the role of ECGC in Export Promotion and how credit facilities can be availed from banks and insurances covered, if losses are incurred by entrepreneurs in export trade.

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World Trade Centre advisor A.O. Kurvilla who has been a part of the state trade fair since 2 years addressed the budding entrepreneurs and encouraged them to seek assistance from the regional offices of WTC, as they have a global presence with offices in over 92 countries. WTC aids the MSMEs by providing them with an e-platform that is accessed by potential buyers from around the world.

January 13, 2016 • No Comment