- A Closer Look at FIEO and Its Purpose
- FIEO’s Contribution to Export Growth in India
- FIEO’s Services: What They Offer to Exporters
- FIEO Membership Perks for Exporters
- Is Your Business Eligible for FIEO Membership?
- FIEO Registration Process: Step-by-Step
- What Paperwork Do You Need for FIEO Registration?
- FIEO and ShiprocketX: A Partnership for Streamlined Export Shipping
- Conclusion
The Federation of Indian Export Organisation (FIEO) was set up in 1965 by the Ministry of Commerce & Industry, Government of India. It’s the apex body for export promotion councils (EPCs), export development authorities and commodity boards in India. It focuses all its efforts on the promotion of trade in and from the country by acting as a link between Indian exporters and government bodies, financial institutions, and logistics services. Representing more than 200,000 exporters across various industries, it advocates for policies that simplify exports and boost competitiveness in the global market. Let’s find out how.
A Closer Look at FIEO and Its Purpose
FIEO has its headquarters in Delhi, with regional offices in Chennai, Delhi, Mumbai, and Kolkata. It also has Chapters in other major cities, including Jaipur, Ahmedabad, Ludhiana, Hyderabad, Kanpur, Bangalore, Kochi, Indore, Guwahati, and more. The main functions of FIEO are:
- Registering exporters and acting as a certifying authority for exporting firms
- Issuing Certificates of Origin to prove that exported goods are made in India. It’s a requirement for many countries.
- Collaborating with the Indian government to resolve issues faced by exporters and improve export policies.
It also helps develop effective export strategies and improve logistics efficiency at several ports by monitoring port performance and providing actionable insights. Partnering with around 100 international organisations, including the Europe Enterprise Network, etc., FIEO helps small and medium-level businesses expand their operations globally.
FIEO’s Contribution to Export Growth in India
The FIEO significantly contributes to India’s export growth by providing extensive support to Indian exporters through market research, trade promotion activities, policy advocacy, and training programs. As a central hub for Indian exporters, it also helps them easily access international markets by facilitating their participation in global trade events.
The FIEO acts as a bridge between exporters and the Indian government, which enables exporters to navigate complex international trade dynamics and overseas markets.
It also helps them enhance their global competitiveness, eventually boosting India’s export potential across different industries.
FIEO’s Services: What They Offer to Exporters
Here are the key services FIEO offers to exporters:
- It offers support services, helping exports with market research, export promotion activities, and trade information.
- It offers workshops and training programs to help exporters enhance their knowledge and skills. To keep exporters informed of the latest developments, it also publishes bulletins every week and once a month.
- It organises events, international trade fairs, and exhibitions and facilitates exporters’ participation.
- On its website, exporters can find all the updated trade policies, a searchable directory of exporters, and business opportunities in the overseas market.
- It manages the ‘Indian Trade Portal’, which offers export and import policies, updates on global trade regulations, and trade benefits and tariffs.
- It also offers country-specific programs, B2B meetings, and exhibitions to help exporters prepare for the market with data on global trade trends. It enables artisans, small and medium-scale businesses, and farmers to identify business opportunities and new markets for international trade.
FIEO Membership Perks for Exporters
FIEO offers different types of membership categories depending on the nature of your export business. You can choose the membership based on your company status or turnover. You can choose the’ Multi Product Group’ membership if your turnover is less than Rs. 5 crore. If it’s less than Rs. 5 crore, you can choose the ‘Premium Multi Product Group’ or ‘Premium Service Provider’ membership. In addition to these, there are other membership categories as well.
Regardless of the membership category you choose, becoming a FIEO member can offer many benefits, including the following:
- You can enjoy double benefits, including those under the Foreign Trade Policy (FTP) and FIEO.
- Access to global trade insights and online chat services on corporate, legal, and intellectual property topics.
- You can receive Market Access Initiative (MAI) grants for trade fairs and exhibitions in foreign locations, with subsidised booth costs.
- You also get access to exclusive trade facilitation services, including the issuance of RCMC for claiming benefits under the FTP, Certificates of Origin, and visa recommendation letters for travel abroad.
- FIEO allows global buyers to easily find member exporters by including them in its search engine. You can also freely host product profiles on FIEO’s website.
- You can participate in more than 50 international exhibitions in a year.
- As a FIEO member, you can enjoy FOREX services, including forward rates, spot rates, and historical data at discounted rates.
- You get a platform to discuss issues with various authorities, including customs, DGFT, excise, and more.
- It also helps you understand export documentation, ensure compliance with international trade regulations, and connect with potential international buyers.
Is Your Business Eligible for FIEO Membership?
Let’s find out the factors determining whether you’re eligible to become a member of FIEO.
- You must be an Indian exporter with a registration cum membership certificate (RCMC), with your business involved in imports and exports.
- You must obtain the RCMC from FIEO if no export promotion council covers the export product.
- If you export multiple products and have not yet determined the primary product, you must also obtain the RCMC from FIEO.
FIEO Registration Process: Step-by-Step
You must follow the steps given below to register with FIEO.
- Step 1: Visit the FIEO website and fill out the online application form to become a member.
- Step 2: Enter all the required details, including your business profile, export performance, and turnover from exports.
- Step 3: After submitting the above details, attach the necessary documents.
- Step 4: Pay the membership fees, which are based on the membership category you’re registering for.
- Step 5: Once you’ve submitted the application, the FIEO committee will review it and approve or reject it accordingly. You’ll be notified if it’s approved, and you can start enjoying the benefits of FIEO membership.
What Paperwork Do You Need for FIEO Registration?
Here are the documents you need to register with FIEO.
- A completed and duly signed RCMC application form
- Importer-Exporter Code (IEC)
- PAN card
- Bank statement of your business
- Certificate of incorporation
- Your business’s address proof
- GST registration certificate
- Export registration certificate
- Export invoices
FIEO and ShiprocketX: A Partnership for Streamlined Export Shipping
FIEO has partnered with ShiprocketX to support MSME exporters by providing access to premium shipping options and a dedicated helpdesk for service issues. FIEO members and SMEs registered on the Indian Business Portal can avail a 15% discount on international shipment tariffs.
ShiprocketX is designed to help SMEs and large corporations expand their business operations in foreign markets. Offering a comprehensive end-to-end cross-border solution, it enables hassle-free international shipping, complete with multiple shipping options, smooth customs clearance, and automated workflows. This partnership with FIEO will help MSMEs leverage global e-commerce opportunities with cost-effective and reliable logistics solutions. Together, FIEO and ShiprocketX are paving the way for streamlined export shipping across the globe.
Conclusion
FIEO plays a crucial role in helping Indian exporters navigate trade challenges and grow their business in global markets. If you’re a member exporter, it gives you access to expert guidance, important resources, and a strong network. Whether you’re planning to expand your market reach, stay updated on trade policies, or enhance your business credibility, FIEO membership offers the support you need. Becoming a FIEO member will prepare your business for sustained growth and competition in the global marketplace.
