List of Export Promotion Councils in India & The Role

May 25, 2023

Understanding the Role of Export Promotion Councils in Fostering International Trade

EXPORT PROMOTION COUNCILS OF INDIA

Export Promotion Councils play a crucial role as government-backed entities aimed at facilitating and nurturing export-oriented businesses. These councils serve as invaluable resources, offering a range of support to export firms in their quest to expand their global presence. Through the provision of technical expertise and industry insights, EPCs assist exporters in developing effective strategies for overseas trade.

One of the key functions of EPCs is to promote and disseminate information regarding government schemes and initiatives that can benefit exporters. By acting as repositories of data and market intelligence, these councils enable exporters to stay informed about market trends, potential opportunities, and regulatory requirements.

EPCs also actively engage in organizing and facilitating overseas tours and studies, allowing exporters to explore new markets, forge business relationships, and gain valuable insights into foreign markets. Acting as intermediaries between the government and the export industry, they contribute to the formulation of foreign policies, ensuring the interests of exporters are represented effectively.

Registered as non-profit organizations under the relevant legal framework, EPCs fulfill both advisory and executive functions. They play a vital role in shaping the country's image as a reliable supplier of high-quality goods and services in international markets. EPCs actively promote the adherence of exporters to international standards and specifications, bolstering the credibility and competitiveness of Indian exports.

It's important to note that each product category has its own dedicated Export Promotion Council. Exporters are required to register with the appropriate EPC that aligns with their specific product line. This ensures targeted support and guidance tailored to the unique needs of each industry sector, further enhancing their export capabilities.

Roles and Responsibilities of Export Promotion Councils

Export Promotion Councils play a vital role in supporting and facilitating exporters in their quest to expand their international trade activities. Here are the key functions they perform

Providing Information and Awareness: Export Promotion Councils serve as valuable sources of information for exporters and their members. They offer crucial insights and guidance to increase exports by keeping them informed about government schemes, incentives, and other benefits available to exporters.

Data Collection and Analysis: These councils collect comprehensive export and import data from their members and other relevant sources. This data forms the basis for building statistical information that helps analyze industry growth and trends, providing exporters with valuable insights and comparative analysis.

Organizing Trade Delegations: Export Promotion Councils arrange trade delegations to explore export opportunities in foreign markets. These delegations enable exporters to establish connections, identify potential buyers, and expand their business networks in target countries.

Offering Advisory Services: Export Promotion Councils provide advisory services to their members on various aspects, including technology adoption, quality control measures, adherence to standards and specifications, and other relevant industry practices. This guidance assists exporters in enhancing their competitiveness and meeting international requirements.

Promoting Business Events: Councils actively organize trade fairs, exhibitions, seminars, and buyer-seller meets to facilitate business interactions and promote trade. These events provide platforms for exporters to showcase their products, meet potential buyers, and explore new business opportunities.

Facilitating Communication with the Government: Export Promotion Councils act as intermediaries between the export business community and the government. They promote effective communication channels, enabling exporters to voice their concerns, provide feedback, and contribute to the formulation of trade-related policies and regulations.