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What is Federation of Indian Export Organisations?

The Federation of Indian Export Organisations (FIEO) represents over 100,000 exporters across India — giving them the required assistance and benefits that can improve their export businesses. In this blog, we'll tell you all about the apex body and its role in India's export trade.
Federation of Indian Export Organisations
India’s country's exports are expected to reach USD 290 billion by the end of this financial year1! This data shows the growing amount of scope for exporters from India to start their export businesses. What’s interesting to note is that this is a two-way chain: While the demand for ‘Made in India’ products is growing globally, exporters are also identifying this trend and using this opportunity to expand their businesses.

To support and assist thousands of such exporters, the Federation of Indian Export Organisations (FIEO) was established. Set up by the Ministry of Commerce, this is a dedicated body to supervise and promote exports in the country.

For an entrepreneur looking to expand globally, reduce costs, and tap a larger market, exports through ecommerce are not just a viable medium but also hassle-free. Understanding this growing opportunity, the organization has also encouraged exporters to opt for ecommerce exports that can be done from anywhere, anytime in India. Setting up an export business is easy. In this blog, we'll help you understand the import export policy, export licence of India and schemes that can benefit your businesses.

Role of FIEO in India's export trade

The apex body plays an essential role in coordinating export activities for all Indian exporters. It acts as a medium between exporters and various export organizations around the globe to supervise and ensure easy trade from India2. This builds an environment where exporters have a fair chance of flourishing.
  • The Federation of Indian Export Organisations helps in reviewing, authorizing and recommending to the government grievances and import-export policies that can help benefit Indian exporters.
  • It aids in sponsoring trade, economic missions, and export houses.
  • The Federation of Indian Export Organisations arranges for media, publications, exhibitions, and trade fairs to showcase Indian products in the global markets.
  • The body maintains a relationship with various international agencies that play an essential role in global trade like ITC, WTO, IMF, and more.
  • Indian exporters can also avail the benefit of sponsorships from the Federation of Indian Export Organisations like the Market Development Assistance grants, reimbursement of travel expenses for services related to India’s consultancy.
  • What are the benefits of FIEO registration?

    Registering with FIEO enables sellers to make the most of the perks that are granted under the foreign trade policy. Obtaining an RCMC (Registration-cum-membership Certificate) validates seller's export business and marks it as authorized by the Indian Government. To get this certificate, you have to enroll as a member of FIEO. Here are some of the benefits of RCMC:
    A) Exporter gets concessions and benefits offered under the Foreign Trade Policy.
    B) An exporter with RCMC registration becomes a part of a worldwide network of exporters and importers.
    C) The certificate holders can be a part of various international exhibitions and trade fairs that give them an opportunity to showcase their products in the international markets.
    D) The RCMC certificate holders are also eligible for various incentives and profitable schemes launched by the government.

    The Federation of Indian Exports organization ensures that the members can promote their businesses internationally and claim the offers and schemes by the Foreign Trade Policies that benefit them. Following are the ways in which FIEO benefits the exporters:
  • FIEO automatically issues RCMC to both the status holders and non-status holders (under multiple product categories) to be able to gain the concessions granted under the Foreign Trade Policy.
  • FIEO organizes meetings informing exporters about the upcoming delegations to help the members make the most of it.
  • The members get to discuss issues with higher authorities like excise, customs, DGFT, etc. Their problems are treated as priority and resolved.
  • Members of the Federation of Indian Export Organization are entitled to 10% discount on the membership fee of 5 years and 5% discount on the membership fee of 3 years.
  • Members get the online chat facility by FIEO that allows international calls for policy or trade related concerns.
  • The members get to discuss issues with higher authorities like excise, customs, DGFT, etc. Their problems are treated as priority and resolved.
  • What documents are required for FIEO registration?

    Submit the completely filled and signed RCMC application form with the self attested copies of:
    1. IEC number
    2. PAN card
    3. GST registration certificate
    4. Bank statement
    5. Articles or memorandums of association, partnership deed or trust deed (if any).
    6. SSI/IEM certificate (for the business of manufacturing goods.)

    How to export from India?

    Exporting from India has become easier than ever with the growth of crossborder ecommerce programs. Exporters like you can expand their business across the globe from anywhere in the country.

    Amazon Global Selling program is an easy and effective way to start and build a significant exports business through ecommerce. Over 70,000 sellers have succesfully started an export business and are now selling their products in more than 18 international marketplaces including the USA, UK, UAE, Australia and more. Whether you are a manufacturer, reseller or an emerging brand, Amazon Global Selling provides you the required tools and services to directly reach millions of customers worldwide.
    Amazon export business-  Amazon Global Selling benefits
    Why limit to India when you can acquire new international customers? Take your business to millions of customers across the world through Amazon marketplaces.
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    Frequently Asked Questions

    How is FIEO registration beneficial for exporters?
    FIEO offers many benefits to exporters from India:
    1. Global exposure through an entry into the internationally acclaimed exhibitions or trade fairs.
    2. Guidance on corporate laws and import export policies from time to time.
    3. Additional 10% discount on international travel due to work.
    What is the function of FIEO?
    FIEO acts as a bridge between exporters and various export organizations across the world to supervise and ensure easy trade from India. Below are a few functions of FIEO:
    1. Conduct meetings and seminars to discuss and resolve challenges faced in India’s exports.
    2. Organize conferences with trade missions for all the businesses across the globe.
    3. Arrange exhibitions and advertisements to exhibit Indian products and services in the international markets.
    4. Help exporters understand the sales patterns and suggests ways to make them more profitable.
    5. Maintain liaison with agencies, trade associations and all the departments concerned.
    6. Assist in promoting trade between India and other countries.
    7. Offer concessions and schemes that makes the process more economical for the members.
    Is FIEO an Export Promotion Council?
    FIEO is the apex body of all the export promotion councils. An exporter must submit an application to the EPC (FIEO in India), to declare their line of business, in order to obtain an RCMC.
    Published on Apr 25, 2021

    Sources:
    1 https://economictimes.indiatimes.com/news/economy/foreign-trade/indias-exports-may-reach-290-bn-by-fiscal-end-fieo/articleshow/80025553.cms
    2 https://www.fieo.org/#:~:text=Known%20popularly%20as%20%22FIEO%22%2C,promoting%20India's%20exports....
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