ASSIGNMENT OF EXPORT MANAGEMENT

Submitted by: JITENDRA KUMAR GUPTA BHU 3 sem

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MBA Marketing

ROLE OF DGFT IN INDIAN EXPORTS

The Directorate General of Foreign Trade (DGFT) is the agency of the Ministry of Commerce and Industry of the Government of India responsible for administering laws regarding foreign trade and foreign investment in India. It was earlier known as Chief Controller of Imports & Exports (CCI&E) till 1991. DGFT plays a very important role in the development of trading relations with various other nations and thus help in improving not only the economic growth but also provides a certain impetus needed in the trade industry. The role of DGFT Some of the major roles of DGFT and its regional offices throughout the country are as follows:

To implement DGFT has important role to issue Notifications, Public notices, Circulars, Exim Policy, Procedure and Foreign Laws and AyaatNiryaat forms and appendices. DGFT grant 10 digit IEC (Importer Exporter Code), which is a primary requirement for any company/person or venture capitalist wanting to exportimport in India. ANF- 2A is required to obtain IEC of India by introducing various schemes and guidelines through its network of DGFT has important role to issue Notifications, Public notices, Circulars, Exim Policy, Procedure and Foreign Laws and Ayaat- Niryaat forms and appendices. DGFT grant 10 digit IEC (Importer Exporter Code), which is a primary requirement for any company/person or venture capitalist wanting to exportimport in India. ANF- 2A is required to obtain IEC. To promote trade with neighboring countries. To grant the permission of free export in Export Policy Schedule 2. DGFT also play an important role in controlling DEPB Rates. Setting standard input-output norms is also controlled by the DGFT.

Any changes or formulation or addition of new codes in ITC-HS Codes are also carried out by DGFT (Directorate General of Foreign Trade).

Apart from the above, DGFT also acts as a trade facilitator. It also deals with the quality complaints of the foreign buyers. Officials DGFT works in close coordination with other related economic offices like Customs Commission rates, Central Excise authorities, DRI authorities and Enforcement Directorate. SUNRISE EXPORTS IN INDIA

The term sunrise exports are also used in relation to Indias exports. Sunrise products are those products, which Indian exporters have lately begun to export in the overseas markets, and such products have a growing demand in the world markets. Some of the sunrise products are as follows. Horticulture products, Such as fruits and vegetables Green technology products such as wind turbines, electric cars. etc. Dairy products Value added marine products Processed fruits and vegetable products Value added meat products, etc.

Let us, now consider few details of sunrise exports (a) Export of services India has recently emerged as a major player in global services trade. The services include travel, transport, communication, insurance, software, and business services. The export growth rate of all services increased from 24.1% in 2000-01 to 32.1% in 2006-07. This sector is acting as an engine of growth. It is making rapid progress in exports. (b) Readymade garments The exports of cotton apparel readymade garments have made significant improvement on recent years. These exports were just Rs.9 crores in 1970-71 and rose to Rs.38215 crores in 2007-08. This indicates growing importance of sunrise export item. (c) Handicrafts At present, the single largest item of exports is handicrafts. During 2007-08, handicrafts exported were of the order of Rs.80992 crores

out of which gems and jewellery accounted for Rs.79142 crores. Export of handicrafts was only of Rs.70 crores in 1970-71. (d) Engineering goods this category includes iron and steel, electronic goods and computer software. Even up to 1980-81, exports of this group were only of Rs.827 crores. The exports started picking up by 1990-91. During 2007-08, exports have shot up to Rs.1,47,845 crores accounting for 23.1% of total exports. There are some more export items which can be classified as sunrise exports. Along with the diversification of exports, the sunrise export items will increase and their contribution in Indias total exports will become more and more significant.