During the session, Mr. Arvind N. Khedkar, senior faculty of World Trade Institute Mumbai, shared useful information on procedures involved in foreign trade, potential foreign markets for Indian goods, international quality standards and other regulatory issues involved in foreign trade.
Mr. Khedkar suggested aspiring exporters in Jalgaon to study the quality standards of the importing countries and take steps to adhere to such standards. He also advised them to hire a reliable logistics company and avail export credit offered by banks and other financial institutions.
He also explained certain concepts relating to foreign trade, such as balance of trade (BOT), which is the difference between exports and imports of an economy.
Earlier in his welcome remarks, Mr. Anil Velde, Joint Director, MVIRDC World Trade Center Mumbai shared information about the activities of the Center and how it promotes trade through trade education, trade promotion, trade facility and trade research.
The interactive session is part of the series of knowledge programmes conducted by MVIRDC World Trade Center Mumbai across Maharashtra to observe World Trade Day. World Trade Day is a unique initiative of World Trade Centers across the world to create awareness on international trade and its impact on economic development and regional growth. The objective of World Trade Day is to encourage small and medium enterprises to explore opportunities in capacity building and seek opportunities in international trade and exports.
At the end of the session, distinguished audience interacted with Mr. Khedkar by raising queries and clarifications on procedures involved in foreign trade.
Kriti Aggarwal and Yashasvee Kulkarni, Consultants, Ernst & Young, Prof. A. N. Khedkar, Sr. Faculty, WTC Mumbai Trade Institute, Mr. Anil Velde, Joint Director, WTC Mumbai, Mr. Sahebrao Patil, GM DIC Jalgaon, Mr. Deshmukh, President, Laghu Udyog Bharti Jalgaon.
Mr. Arvind N. Khedkar, senior faculty of World Trade Institute Mumbai addressing the audience at World Trade Day Jalgaon
Participants at World Trade Day Jalgaon attend interactive session on ‘Skilling MSMEs for Global Opportunities’