FIEO Current Affairs - 2020

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Sharad Kumar Saraf elected FIEO’s new President

Exporters body Federation of Indian Export Organisations (FIEO) has elected Sharad Kumar Saraf as its new president. Saraf will succeed renowned exporter Ganesh Kumar Gupta.

About Sharad Kumar Saraf

Saraf in his earlier stints at FIEO has served twice as vice-president and four times as regional chairman (west region). He is also chairman and founder of Technocraft Industries (India).

Saraf during his earlier period as vice-president and regional chairman (west region) established Indian Exporters Grievance Forum that work towards addressing exporters’ grievances through legal channel.

With his new appointment as FIEO’s President he will work towards further pushing issues of exporters at different forums and boost country’s exports.

About FIEO

It was established in 1965 with headquarters in New Delhi. It was formed by Union Ministry of Commerce and private trade and industry.

It is an apex body of exports promotion council, commodity boards and export development authorities in India. Its direct members contribute more than 70% of India’s exports.

Function: Providing crucial interface between international trading community of India and Centre and state government, railways, ports, surface transport, financial institutions and all other engaged in trade facilitation.

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Government launches Niryat Mitra mobile app

Union Ministry of Commerce and Industry has launched Niryat Mitra mobile application for exporters and importers of the country. The app developed by Federation of Indian Export Organisations (FIEO), the largest exporters organisation of the country. It is available both on Android and on IOS platforms.

Niryat Mitra app

The app provides wide range of information required to undertake international trade right from policy provisions for export and import, applicable GST rate, available export incentives, tariff, preferential tariff, market access requirements – SPS and TBT measures. It provides all the information at tariff line. The app works internally to map Indian Trade Clarification (ITC) Harmonized Item Description and Coding System (HS) code of other countries with that of India. It also provides all the required data without users bothering about HS code of any country. Presently, app has data of 87 countries. It also provides notifications of export promotion programmes organised by FIEO to provide opportunity to industry to participate in them.

Federation of Indian Export Organisations (FIEO)

It is apex and largest trade promotion organisation in India. It was jointly established in 1965 by Ministry of Commerce and private trade and industry. It is responsible for representing and assisting Indian entrepreneurs and exporters in foreign markets. It is headquartered in New Delhi.

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