The International Institute of Foreign Trade (IIFT) and The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) jointly organized “Export Import Marketing: Procedure and Documentation” and the same was inaugurated at Surana Auditorium, Red Hills, Hyderabad today by the Dr. Rakesh Mohan Joshi, Chairperson, IIFT, in presence of Dr. Ram Singh, Professor, IIFT, Dr. S.K. Rao, Administrator, IIFT and Mr. Shekhar Agarwal, President, FAPCCI, Mr. Srinivas Ayyadevara, Chairman, International Trade & Relations Committee, Mr. M.V. Rajeshwara Rao, Secretary General, and attracted a large number of participants.
Dr. Rakesh Mohan Joshi said in his speech that the cultural globalization in India is very strong. India has strong in intellectual, trade, political and administrative classes, so overall development in India settled at nearly 9% to 10% GDP rate on globalization, but the US have only 2%. 200 years ago in a Moghal emperor’s time Indian trade was very strong and the present situation Indian trade has been developed equivalent to that off Moghal emperor’s time.
Mr. Shekhar Agarwal said in his welcome address that the Ministry of Commerce and Industry’s target for achieving exports of $200 billion by the end of this financial year can easily be achieved. Exports in September stood at $103 billion as against $81billion in the previous year, showing an average growth of 27.6%.”
Mr. Srinivas Ayyadevara said that India’s exports during September, 2010 were valued at US $ 18023 million (Rs. 83018 crore) which was 23.2 per cent higher in Dollar terms (17.2 per cent higher in Rupee terms) than the level of US $ 14624 million (Rs.70838 crore) during September, 2009. India’s imports during September, 2010 were valued at US $ 27141 million (Rs.125018 crore) representing a growth of 26.1 per cent in Dollar terms (19.9 per cent in Rupee terms) over the level of imports valued at US $ 21527 million (Rs. 104275 crore) in September, 2009.
Dr. Ram Singh, Professor, IIFT, Dr. S.K. Rao, Administrator, IIFT where the main speakers at the Export and Import Marketing training program.
Mr. M.V. Rajeshwara Rao welcomed the guests and felt that it was an honor that the training program had an eminent personality Dr. Rakesh Mohan Joshi to inaugurate the program.