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2013-11-19

MSME ministry to organise export procedure workshop

The ministry of micro, small and medium enterprises (MSME) will organise a two-day programme on November 23-24 on export documentation and procedurethat would overview the opportunities in the business of exporting castings, forgings and engineering components.

The ministry of micro, small and medium enterprises (MSME) will organise a two-day programme on November 23-24 on export documentation and procedurethat would overview the opportunities in the business of exporting castings, forgings and engineering components.
 

 

According to a bulletin on the website of the Federation of Indian Micro, Small and Medium Enterprises (FISME), the programme will take place in Faridabad, in the National Capital Region, at the MSME Technology Development Centre.

 

 

It said that the programme will help exporters understand that export documentation is far more than just shipping paperwork, and includes all the important records of an international transaction.

 

It will explain the need to use the correct trade terminology, clearly define the transfer of interest and liability, select the right method of payment and send the best quotation possible, all of which are are key to effective exporting.

 

After the sale has been made, proper and timely selection, preparation and distribution of documents are also essential. Documents used in international trade are a reflection of the understanding of the agreement between the seller, the buyer, and third-party service and regulatory agencies, according to FISME.
 

 

It added that the programme will help develop the documentation skills of MSME exporters, whose vital role in exports is indicated by the fact they contribute 40 per cent of India's total exports.

 

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