We all know what imports and exports are. But there are only a few people who know what works in the back end of these exports and imports. Many government bodies, councils, and agencies exist to make the flow of bilateral trade across countries as smooth as possible. The Federation of Indian Export Organizations is also one such council.
It was established in 1965 as an apex body of various export promotion councils. The role of the Federation of Indian Export Organization is to act as a critical interface between the trading sector and all other departments that play a vital role in export facilitation. These include central and state governments, ports and railways transport, financial institutions, etc.
It also provides crucial inputs to the government of India related to exports. As the ruling body of the export promotion councils, the FIEO is responsible for generating motivation among sellers to expand their businesses overseas and gather a large number of loyal customers.
The key objective of the FIEO is to promote exports and inform sellers about all the leverages and benefits available to them. It also sees that every exporter’s problem is taken up seriously and connects them with the right council to reach an efficient conclusion. The Role of the Federation of Indian Export Organization is to offer exporters handy solutions so that they are never demotivated.
Any merchant exporter, manufacturer cum exporter, or any service provider can register with the FIEO to obtain the Registration-cum-membership certificate. It is advisable that you register for the FIEO membership so that you can avail of the following benefits.
- RCMC
The Federation of Indian Export Organization issues the registration-cum-membership certificate, i.e., RCMC. It is a certificate that validates the seller as an exporter and allows them to export the items allowed by the Indian government for trade. It is a mandatory certification that is needed even if you choose Amazon Global Selling as a way of exporting.
- Hosting on the website
The members of the FIEO get the opportunity to list their products and items that they sell on the website for no cost. It is searchable, and your sale can be seen by any searcher who comes on the web and looks for a similar category of products.
- Certificate of Origin
FIEO also provides the certificate of origin for the importers to see and check the source of the products they buy. This document contains various other details about the commodities and goods, including the destination of exports, what the product is, etc.
- MAI Grant
Under the Market Access Initiative Scheme, the federation disburses grants to eligible members to participate in exhibitions and trade fairs. It also provides booths at a lower cost with subsidies for overseas exhibits.
The scope and role of the Federation of Indian Export Organization expanded to all of India. There are different registration fees for distinct types of the exporter. But, it is good to have such registration, which will enhance your overall exports.
