MSMEs in Tarapur Benefit from Training Session on Foreign Trade

Micro, small and medium enterprises (MSMEs) turned in large number for an interactive training session on ‘Skilling MSMEs for Global Opportunities’, which was held at Tarapur on July 18, 2019.

The session was organised by MVIRDC World Trade Center Mumbai in partnership with Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI), which is an arm of Department of Industries, Government of Maharashtra. The event was also supported by Tarapur Industrial Manufacturer Association (TIMA).

Speaking on this occasion, Mr. Satish Bhamre, General Manager, District Industries Center Palghar gave an overview of the initiatives taken by Government of Maharashtra to support MSMEs in the state. He suggested the industry in the district to take advantage of various schemes of the government under Industrial Policy 2019 and also under the cluster development programme of the state government.

Conducting the training session at the event, Mr. Virendra S Gupte, Senior Faculty, MVIRDC World Trade Center Mumbai shared details about the key factors to be considered while engaging in international trade. He said, “Exporters must study the potential markets for their goods and services, understand the local quality standards in the importing countries and adhere to the packaging and labeling requirements of those countries.”

He also explained the concepts of tariff and non tariff barriers in international trade and explained how exporters must consider these factors while choosing the potential markets for their products.

Mr. Gupte elaborated the schemes available for exporters under India’s foreign trade policy (FTP) and suggested aspiring and existing exporters to avail the benefits of these schemes.

He concluded the session by highlighting the current developments in international trade, especially the ongoing trade tension between USA and China, the ongoing negotiation of mega trade deals such as the RCEP and how these events will shape the future trading patterns.

Earlier in his welcome remarks, Mr. A O Kuruvila – Advisor – Trade and Education, WTC Mumbai introduced MVIRDC World Trade Center Mumbai and its mission of promoting prosperity through trade. He also explained the concept World Trade Day and said, “This is the third edition of World Trade Day being organised by MVIRDC World Trade Center across various districts of Maharashtra. 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.”

Mr. Kuruvila also informed about the various courses conducted by World Trade Institute, which is a unit of MVIRDC World Trade Center Mumbai, and invited MSMEs and aspiring exporters to enroll for such courses.

The interactive session ended with a highly engaging question and answer session between the audience and distinguished speakers.

Mr. Satish Bhamre, General Manager, District Industries Center Palghar addressing World Trade Day Maharashtra in Tarapur. Also seen on the dais are (from left to right) Mr. Virendra Gupte, Sr. Faculty, MVIRDC World Trade Center Mumbai, Mr. D.K. Raut, President, Tarapur Industrial Manufacturer Association (TIMA), Mr. A.O. Kuruvila, Advisor, Trade & Education, MVIRDC World Trade Center Mumbai