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Economy and Finance

Economy and Finance

Federation of Indian Export Organisations (FIEO)

27 Jan 2024 Zinkpot 189
  1. The Federation of Indian Export Organisations (FIEO) is the apex export promotion organization of India, established in 1965. 
  2. It represents the Indian entrepreneurial spirit in the global market and serves as a crucial interface between the international trading community of India and various central financial institutions, ports, railways, surface transport, and other entities engaged in export trade facilitation. 
  3. FIEO, directly and indirectly, serves the interests of over 200,000 exporters from the goods and services sector in the country.
  4. Some key features and benefits of FIEO include:
    • Membership: FIEO has a direct membership of over 30,000, and it serves the interests of over 200,000 exporters.
    • Services: FIEO provides various services to the exporting community, such as organizing country-specific programs, exchanging business delegations, arranging exhibitions, and organizing B2B meetings with members of the trade from various countries.
    • Indian Trade Portal: FIEO developed and maintains the Indian Trade Portal, which keeps members updated about trade opportunities and international events.
    • Partnerships: FIEO has established partnerships with various academic institutions across the country to forge better collaboration and organizes specialized training/awareness programs, seminars, and workshops for export executives and entrepreneurs.
    • Job Vacancies: FIEO provides an option for professionals and freshers to upload their resumes on its website, offering free access to members of this niche database of professionals and freshers with knowledge of the export sector.
    • International Collaboration: FIEO has established MoUs with counterpart organizations, arranges exhibitions and catalog shows, and is a partner of the Enterprise Europe Network.
  5. Overall, FIEO plays a significant role in promoting India's international business and fostering collaboration between Indian exporters and the global market.
  6. FIEO, on Thursday, urged the government to consider developing a global shipping line in partnership with the private sector and has sought tax incentives for research and more funds for marketing activities, in the upcoming Budget 2024-25 to boost manufacturing and the country’s outbound shipments.
     

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