: +91 7718886506MVIRDC World Trade Center Mumbai received overwhelming response from micro, small and medium enterprises (MSMEs) for its interactive session on ‘Skilling MSMEs for Global Opportunities’ organized in Nashik on 26th June, 2019. The event was organised in partnership with MAITRI, which is the investment facilitation cell of Government of Maharashtra and Nashik Industries & Manufacturers Association (NIMA).
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
Speaking on the interactive session in Nashik, Mr. Pravin Deshmukh, Jt. Director of Industries, Government of Maharashtra welcomed the efforts of WTC Mumbai in skilling SMEs in different part of Maharashtra through the initiative of World Trade Day. He explained the various initiatives launched by DIC Nashik to help Industries in the region. The on-line facilities offered for Industries for ease of doing business were further elaborated by Ernst & Young representatives.
Mr. Virendra S Gupte, Senior Faculty, MVIRDC World Trade Center Mumbai conducted the session by sharing a synopsis of the current developments in International Trade highlighting the geo-political challenges in world trade, tensions at the global level arising out of US and China trade ties, growing protectionism and rising role of India.
Mr. Gupte shared with the participants the strategies to be adopted for Export preparedness, including Management focus and vision, competency and skill building. He also elaborated how an entity can create an Export Plan, based on systematic Market Research and data analytics. He also highlighted the key issues in International Marketing relating to identifying products and markets taking into consideration various parameters – customer preferences, competitor offerings, pricing, shipping and logistics, regulatory environment, legal requirements and international standards of compliance.
Mr. Gupte covered in detail critical aspects of Export Pricing and Costing and important aspects of managing credit and cost. He shared the highlights of the current Foreign Trade Policy of the Government and various schemes / benefits available to exporters. He also covered critical aspects of Quality and Certification requirements as per global standards. Another important aspect in Export –Import trade was also covered by Mr. Gupte relating to the meaning, relevance and implications of International Commercial Terms (INCO Terms) while finalizing contracts with Buyers / Sellers.
Earlier in his welcome remarks, Mr. A O Kuruvila – Advisor – Trade and Education, WTC Mumbai explained the underlining objective of organizing such sessions. He also mentioned that similar sessions are planned in other key cities such as Solapur, Amaravati, Jalgaon, Palghar and Ratnagiri. He briefed about the concept of WTC and the services & facilities offered at WTC Mumbai including the training courses in foreign trade and encouraged participants to take advantage of it.
The session involved interactive participation and Q&A on practical issues related to exports and imports.
