World trade centre (WTC) is one more export trade organization and is useful to Indian exporters in different ways. It is promoted by M.Visvesvarya industrial research and development centre (non-profit organization) and is located in Mumbai city. At this centre offices of all agencies and institutions connected with the foreign trade are located. They include export promotion councils, importers, consultancy firms, government agencies and so on. An exporter can establish contact with all such agencies by visiting the office of world trade centre. This is how the services of all export related agencies are available at the world trade centre. The centre has also started showrooms where Indian goods are displayed and information is supplied to overseas buyers.
The activities of WTC are useful to Indian exporters in different ways. It brings under one roof all the agencies, business know how and sources of information connected with international trade. WTC is a regular member of world trade center’s association, New York, with more than 200 members spread over 60 countries.
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Objectives and functions of WTC:
- Providing information to Indian exporters on various matters relating to exports
- Providing education and training to export personnel in regards to exports procedures
- Conducting research and development activities relating to foreign trade
- Arranging seminars and workshops on matters relating to export trade
- Arranging buyer-seller meetings for export promotion.
Activities of WTC:
- Provides space for exhibitions: the WTC provides space an facilities to exporters to arrange exhibitions of export items
- Publications: the WTC publishes booklets, magazines and other information literature which gives information about new developments in the field of import and export trade
- Provision of trade information service: the WTC has set up a computerized trade information service called IMPEX on India’s imports and exports
- Seminars and workshops: the WTC arranges seminars and workshops periodically in order to give the latest available information to Indian exporters
- Meetings with overseas buyers: the WTC arranges meetings of overseas buyers and Indian businessman are also arranged occasionally for direct negotiations and trade deals
- Training facility: the WTC conducts short term training courses for the education of young Indian exporters.
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