Indian Government Bodies Involve in International Trade

India is one of the largest exporters of goods and services in the world. To promote Indian exports and assist entrepreneurs, the government of India has established various Export Promotion Councils (EPCs), Commodity Boards, and Export Development Authorities (EDAs). In this blog, we will provide a comprehensive guide on the various EPCs, Commodity Boards, and EDAs in India. Export Promotion Councils play a crucial role in promoting Indian exports and assisting entrepreneurs. These councils assist Indian exporters in the following ways: they provide technical support and industry insights, they promote the product category that they handle, they assist exporters in expanding their businesses to international markets, they provide access to various government schemes, they conduct overseas tours and studies, they act as an intermediary between the export industry and the government, they collect and supply market information to exporters, and they assist exporters in understanding the market.

Regulatory Agencies of India

The Regulatory Agencies of India play a crucial role in ensuring the smooth functioning of the country’s economy and maintaining a conducive environment for businesses to thrive. Two prominent regulatory agencies are the Central Board of Indirect Taxes and Customs (CBIC) and the Directorate General of Foreign Trade (DGFT).

The CBIC is responsible for formulating and administering indirect tax policies and laws, collecting indirect taxes, and facilitating trade. It ensures compliance with tax regulations and safeguards the nation’s revenue streams.

The DGFT, on the other hand, spearheads India’s export promotion efforts. It formulates and implements foreign trade policies, regulates exports and imports, and provides incentives to boost export growth. The DGFT’s initiatives contribute significantly to India’s global trade competitiveness.

In summary, the CBIC and DGFT play distinct yet complementary roles in regulating and promoting India’s economic activities. Their efforts are vital for maintaining a stable and prosperous economy.

Name of Regulatory Agencies	Functions
Central Board of Indirect Taxes and Customs (CBIC)	Formulates And Administers Indirect Tax Policies And Laws, Collects Indirect Taxes And Facilitates Trade.
Director General of Foreign Trade (DGFT)	Formulates And Implements Foreign Trade Policies, Regulates Exports And Imports, and Promotes Export Development.

Autonomous Bodies of India

For those with a fervor for trade, the Ministry of Commerce and Industry’s autonomous bodies present a banquet of thrilling possibilities. Whether it’s showcasing exotic spices with APEDA or preserving India’s rich coffee heritage with the Coffee Board, these organizations unveil diverse avenues to contribute to the nation’s economic heartbeat. Whether you yearn for the strategic acumen of the National Centre for Trade Information or the sharp intellect fostered at the Indian Institute of Foreign Trade, these vibrant hubs hold boundless potential for learning, growth, and shaping India’s trade frontier. Take a plunge into their distinctive missions and unearth where your skills and passions can flourish in the dynamic realm of Indian commerce.

Autonomous Bodies of India	Functions
The Marine Products Export Development Authority (MPEDA)	Marine Products
Agricultural and Processed Food Products Export Development Authority (APEDA)	Agricultural and Processed Food Products
Commodity Boards	Coffee Board Rubber Board Spices Board Tea Board Tobacco Board
Export Inspection Council	Quality Control and Inspection
Indian Institute of Foreign Trade (IIFT)	Research and Training in International Business
Indian Institute of Packaging (IIP)	Testing And Certification Of Packaging Materials And Packages, Training And Education, Consultancy Services And R&D activities

How do Export Promotion Councils help Indian exporters?

Export Promotion Councils play a crucial role in promoting Indian exports and assisting entrepreneurs. Here are some of how these councils help Indian exporters:

• Provide technical support and industry insights

• Promote the product category that they handle

• Assist exporters in expanding their businesses to international markets

• Provide access to various government schemes

• Conduct overseas tours and studies

• Act as an intermediary between the export industry and the government

• Collect and supply market information to exporters

• Assist exporters in understanding and interpreting export policies and assistance schemes

• Guide members on various matters like utilizing GSP, export finance, and insurance of goods

Government Body	Role and Responsibilities
Ministry of Commerce and Industry	Formulates and Implements the government's international trade policies.
Directorate General of Foreign Trade (DGFT)	Regulates and Facilitates foreign trade and exports from India.
Export-Import Bank of India (Exim Bank)	Provides financial assistance for exports and imports.
Federation of Indian Export Organisations (FIEO)	Promotes exports from India and represents exporters interest.
Custom Department	Overseas customs duties, import/export regulations and clearance.
Reserve Bank of India (RBI)	Regulates foreign exchange transactions and foreign trade financing.
Agricultural and Processed food Products Export Development Authority (APEDA)	Promotes export of Agricultural Products.
Pharmaceuticals Export Promotion Council (Pharmexcil)	Promotes export of Pharmaceutical Products
Marine Products Export Development Authority (MPEDA)	Promotes export of Marine Products
Gems and Jewelry Export Promotion Council (GJEPC)	Promotes exports of Gems and Jewelry.
Handicrafts and Handlooms Export Promotion Council (HHEC)	Promotes handicrafts and handloom products for export

Government Body	Role and Responsibilities
Telecom Equipment and Services Export Promotion	Promotes exports of telecom equipment and Services
Engineering Export Promotion Council ( EEPC)	Promotes exports of engineering goods.
Textile Committee	Ensures the quality of textiles for exports and domestic use.
Spice Board	Promotes export of spices from India
Coffee Board	Promotes Export of Coffee from India
Coir Board	Promotes Export of Coir and Coir Products.
Electronic and Computer Software Export Promotion Council (ESC)	Promotes Export of Electronics and Software products.
Wool and Woollens Export Promotion Council (WWEPC)	Promotes Export of Wool and Woollen products.
Directorate General of Shipping	Regulates and Promotes maritime shipping and ports.