A seminar on businessfinance was organized by the Office of Development Commissioner, Indore Special Economic Zone at EPCES in Export Building, Development Commissioner's Office, Indore Special Economic Zone, Pithampur.
The seminar was attended by Suvidh Shah, Development Commissioner, Indore Special Economic Zone, Pratul Sinha, Executive Director, MPIDC Regional Office Indore, Santosh Kumar, Deputy Commissioner (Customs), Ravi Chhagani, Assistant Development Commissioner, Indore Special Economic Zone, Tanu Aggarwal, Deputy Director General, EPCES, Aman Tandon, Business Manager, 360TF Fintech India Pvt. Ltd., R.K. Sharma, Regional Director, EPCES. And representatives of units established in the Indore Special Economic Zone participated.
To save on manufacturing, trade financing and bank fees and especially letters of credit and factoring. How tradefinance can increase your exports and profits. Expanding your business into new areas. Accelerating digitalization in trade finance. Risk Mitigation in Trade Finance. Precautions on compliance related to EDPMS (Export Data Processing and Monitoring System) were among points discussed in the seminar.
Suvidh Shah said that according to the latest data, the total exports from India in the financial year 2022-23 are Rs 36.21 lakh crore. Madhya Pradesh contributed 1.82 percent to the total exports from India. Madhya Pradesh's rank is 13 and it has been stable for the last 2 years. Exports from Madhya Pradesh increased by 12.80 percent (Rs 65,878 crore) in FY 2022-23 as compared to FY 2021-22 (Rs 58,407 crore).
Santosh Kumar talked about the recent steps taken by the Customs Department to ease the export process. Ravi Chhangani said that according to the latest data, the total export of the multi-product sector was 7350.82 (Rs crore) in the financial year 2021-22, which increased by 7892.03 (Rs. crore) in the financial year 2022-23. Multi product sector exports from Madhya Pradesh increased by 7.36 percent in FY 2022-23 as compared to FY 2021-22.
Aman Tandon explains how expanding your business into new areas with trade finance can increase your exports and profits.
