FEDERATION OF INDIAN EXPORT ORGANISATIONS

FIEO-India's Premier Institution for International Trade

FIEO

Introduction

The Federation of Indian Export Organisations represents the Indian entrepreneur's spirit of enterprise in the global market. Set up in October, 1965, the Federation, known popularly as "FIEO", has kept pace with the country's evolving economic and trade policies, and provided the content, direction and thrust to India's expanding international trade.

Today, FIEO expresses all the dynamism and resurgence that are the hallmark of India's open, liberal and progressively market-friendly economic and trade regime, representing the Indian export promotion effort entirely. Its membership, largely comprising professional exporting firms of long experience called Government recognised Export Houses, Trading Houses, Star Trading Houses and Super Star Trading Houses and Consultancy exporting firms.

In essence, FIEO represents directly or indirectly, over 100,000 exporters across India. Exports by FIEO members comprise a wide spectrum of products including Gems & Jewellery, Textiles, Garments, Engineering Goods, Leather and Leather Products, Handicrafts, Chemicals and allied products, Cosmetics, Drugs and Pharmaceuticals, etc. as well as a wide range of Consultancy Services covering Infrastructure, Engineering, Industries, Cement, Leather, Paper & Rubber Industries. Agro-based Industries, Small Scale Industries etc.

FIEO has strong links with counterpart organisations in several countries as well as international agencies to enable direct communication and interaction between India and world businessmen. It is registered with UNCTAD as a national non-Government organization, and has direct access to information/data originating from UN bodies and world agencies like the IMF, ADB, ESCAP, WORLD BANK, FAO, UNIDO and others.

How FIEO has Developed

Today the Federation is proud of the fact that its members accounts for an estimated exports of US$ 24.3 billion out of the total India's export of US$ 33.0 billion. It shows for itself an achievement which notes that approximately 73.6 % of the total exports from India emanate from FIEO members. This enviable position has been reached rapidly in a very short span, albeit with a long legacy behind it. It was in the year 1965 that this Federation came into being with the support of Ministry of Commerce. Government of India and private trade and Industry.

FIEO ACTIVITIESWhat FIEO Specifically achieves The Federation keeps its members posted with the latest developments in the field of Export / Import by organizing Seminars and Workshops, Inviting delegations, organizing Buyer-Seller meets in India and abroad. Trade Fairs, providing advisory and consultative services and bringing about constant interaction between member exporters and various Government departments. The end resultof such activity is discussion of issues in depth, evolving of suitable action plans to promote Indian exports, formulation and dissemination of government policies pertaining to all sectors in manufacturing and merchant exporting and apprising Government on problems and suggesting remedial measures.

What FIEO does When Federation was constituted in 1965, certain economic realities had taken shape in India. There was greater industrialisation, centralised planning and Government controls. Side by side, there existed a buoyant and thriving private sector. Thus there was an urgent need for :

* Wider exchange of views* Apprising* Monitoring* Interacting

* Sending representations on policy matters

* Providing a wide range of services

* Creating and setting up contracts

Basically, the Federation fulfills the above needs in these three ways :

How to become a member of FIEO

FIEO's membership rules are governed by the Government of India's Foreign Trade Policy and FIEO’s Memorandum and Articles of Association.Registration-cum-Membership Certificate (RCMC) As per the Foreign Trade Policy, a Status Holder exporter is required to get a Registration-cum-Membership Certificate (RCMC) from FIEO for availing various benefits under the Policy. RCMC is also required for getting certain benefits from the Customs and Central Excise authorities. For registration purposes, FIEO has been recognized by the Government as an Export Promotion Council.

Exporters of Multiple ItemsIf an exporter desires to obtain an RCMC, he has to declare his main line of business in the application made to the Export Promotion Council relating to that line of business. FIEO can issue the RCMC under its Multi Products Group Category, if the export products for which registration is sought fall under at least two product groups covered by two different export promotion councils. However, Registration with the Council concerned with his main line of business is compulsory in such cases.

Service ExportersFIEO is the registering authority for Service exporters (providers) other than Service exporters of 14 specific services as listed in Appendix -2 of HBP Vol. I.

Exporters in State of Orissa Orissa based exporters may obtain RCMC from FIEO Office in Bhubaneswar irrespective of product being exported by them.

Residual ProductsIn case an export product is not covered by any Export Promotion Council/Commodity Board, etc. RCMC in respect thereof is to be obtained from FIEO.

Advantages of membershipBy registering with FIEO, an exporter has the double advantage of getting the benefits under the Foreign Trade Policy, as also the benefit of FIEO's

ServicesFacilitiesCredentialsGlobal Reach

The annual(April-March)membership subscription under different categories is as under:

1 Individual Exporter Rs. 5,000/- *

2 Multi-Products Group Rs. 5,000/- *

3 Service Providers Rs. 5,000/- *

4 FTZ units/EOUs Rs. 7,500/- *

5 Export House Rs. 7,500/- *

6 Star Export House Rs.10,000/- *

7 Trading House Rs.20,000/- *

8 Star Trading House Rs.40,000/- *

9 Premier Trading House Rs.75, 000/-*

10 State Export Organization Rs. 5,000/- *

11 Banking Institute Rs.10,000/- *

12 Trade Association/Chamber of Commerce Rs. 5,000/- *

13 Export Promotion Council, Authority & Commodity Board Rs. 5,000/- *

*Plus 10.3% Service Tax

New Member Entrance Fee is Rs.1000/- plus 10.3% Service Tax.

RCMC is issued for categories No.2 to 10 above. For the rest, a simple membership certificate is issued. As the Registration & Membership is decentralized, exporters/desirous organizations are requested to file applications for membership with the concerned Regional Offices.

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