Category: Business

Thiruvananthapuram (Kerala) [India], August 26: DrWheelz Auto Solutions, a leading automobile servicing platform, in association with Brainmoves Ventures, recently announced the launch of their automobile doorstep services and operations in Thiruvananthapuram, Kerala. The service was launched on the 25^th of August 2021 by the Hon. Minister for Transport, Adv. Antony Raju at his residence.

Through this association, DrWheelz will be providing doorstep service of passenger cars in Thiruvananthapuram through fully equipped service vans and trained technicians. The startup also plans to expand to all major cities and towns across Kerala, providing jobs directly and indirectly to numerous skilled people in the state.

Speaking on the launch of DrWheelz in the city of Thiruvananthapuram, Mr. Balaji Mohan, the founder of DrWheelz, and former national-level race-driver, said, “With our launch in the city of Thiruvananthapuram, we are heading towards a new milestone in our journey at DrWheelz. Car owners in Kerala will now have access to best-in-class service with complete transparency at the comfort of their doorsteps. In association with our local partner in the city, Brainmoves Ventures, we are equipped with automobile experts with decades of experience in all aspects of service and repair.

We look forward to further strengthening our reach in Kerala and inviting passionate car enthusiasts to partner with us.”

With the launch of operations by DrWheelz in Thiruvananthapuram, the venture proves to be a first for the partnering company – Brainmoves Ventures and its directors: Zameer Mohammed, Vinayan Kottukkal & Hariharan Nair. Speaking on the launch in the city, they stated:  “We are thrilled to be associated with the team at DrWheelz for launching their operations in our city. Our focus will be to provide a sense of relief to car owners who are frustrated with expensive and unclear service options currently available in the market. We wish to eliminate all apprehensions and try to serve our clients’ vehicles right under their roof and careful supervision.”

Sowmya Anantharaman, the Head of Marketing & Sales (Pan-India) at DrWheelz, stated, “Today, we at DrWheelz are present in over 250 cities across India, spanning across 3,000 operating institutions that includes over 27,000 heads working across different sectors within our organization. We look forward to growing our family of happy customers in Thiruvananthapuram with the help of the young and eccentric team at Brainmoves.”

This successful launch in Kerala has opened doors to franchisee opportunities for car enthusiasts in other states. The organization offers over 200+ services at car owners’ doorstep, starting from a simple jump-start, oil change, brakes, A/C Service, periodic maintenance, OBD2 diagnostics to a complex engine failure. Customers in Thiruvananthapuram can get a price for services and can book appointments through phone calls.

DrWheelz provides customers with honest pricing that is less expensive than traditional shops and dealerships and uses only genuine spares. Car owners in Thiruvananthapuram can schedule their vehicle service at their convenience and avail it right at their doorstep.

DrWheelz official website: https://www.drwheelz.com/

New Delhi, Aug 26: The newly established centers, also known as Rojgar centers, will be in addition to its current 170 centres functional across India. 37 such centres were opened this month.

Through its skill model, Vedanta Foundation intends to skill students and unemployed youth from the economically weaker sections and link them to job opportunities. With this intent, the Foundation is working closely with the industry to map possible employment opportunities in each of the Rojgaar centres. Some of the companies that have recruited candidates from the Rojgar centres include State Bank of India, Axis Bank, Paytm, Reliance, Godrej, Flipkart, Amazon, Genpact, LIC, among others.

“We launched our Vedanta Rojgar initiative in the year 2020 when the country was grappling with the first wave of the COVID virus. Millions of youths had lost their jobs.The state of migrant workers working in metropolises was particularly dismal. That’s when we laid the foundation of our pilot project Vedanta Rojgar,” said Suman Didwania, Trustee, Vedanta Foundation.

“Under this project, we provided skill development opportunities to unemployed youths and helped them secure jobs with reputed companies. Within a year, more than 7000 people have been benefited by the Rojgaar project and we hope that our project continues to help in mitigating the problem of unemployment in the growing India,” she added.

The Foundation has selected four reputed companies in the skilling domain to implement  the  project. These include Birla Edutech, Samhita Social Ventures, Quess Corp, and Centum Learning . Other than this, the Foundation is also planning to coordinate with Vedanta’s Business Units to explore the possibility of giving the trainees  on-the-job training opportunities.

Furthermore, the Foundation has also started partnering with a few Sector Skill Councils (SSC) set up under Skill India ‘Kaushal Bharat- Kushal Bharat’ programme of Government of India to ensure better connect with the industry demands for better livelihood opportunities for the trainees. These include the Automotive SSC, Tourism and Hospitality SSC, Electronic SSC, and Telecom SSC.

Commenting on the program, Dr Pushpita Chattopadhyay, Director – Academics and Special Projects, Birla Open Minds Education Pvt Ltd, said: “At the end of the day, the true value and intention of education is employment. One of the factors a country’s economy depends on is human capital. If you don’t provide youth with adequate access to skill-based education and employment, you lose at least half of your potential.”

Speaking on the Foundation’s program, Wasim Bharti, a beneficiary, said: “Vedanta Foundation is offering the course which is aligning with my goals, and I am looking forward to being employed with their placements. In times like COVID19, I would rather be at the frontline to work and help the ones in need on the ground.”

Another beneficiary, Rajkumar Kumawat, said: “My father worked under the sun throughout his life and wanted to make sure his sons wouldn’t suffer the same ordeal as he did. He wants me to work in an office and earn an honest living. I am thankful to the Vedanta Foundation for providing this learning opportunity to me. After finishing the Domestic Data Entry Operator course, I am looking forward to working towards my dreams and having a fulfilling life.”

The Foundation collaborates with social institutions like the Ramkrishna Mission, government agencies, & NGOs, to set up training centers and to reach out to the unemployed youth.

Commenting on the project, Swami Nareshananda, Ramakrishna Mission, Manipur, said: “The Vedanta Foundation, in association with the Ramakrishna Mission, Imphal, is going to start its skill training cum placement scheme, the ‘Vedanta Rozgar’, with the aim to train the youths from underprivileged families, in Manipur, with employability skills in IT & Retail Sales and Digital Marketing.”

He added: “I wish and hope that this scheme will be of great service in equipping the local youths with necessary skills and providing job opportunities, eventually enabling them to become self-reliant.  I convey my prayers & best wishes to all involved for the grand success of this noble project.”

For more information, visit https://vedantarojgaryojana.com/

This partnership will ensure a seamless calling experience with riders and managing their sales pipeline in an efficient way

Bengaluru, August 25: Corefactors is a SaaS company based in India that provides Integrated CRM to empower the Sales, Marketing, and Support team of SMB’s along with Built-in Cloud telephony.

Mr. Akash Gupta, CEO & Founder of Zypp Electric, a 4-year-old start-up in EVs for last-mile delivery of groceries, medicines, and food, said, “We were unable to keep track of communications with riders and businesses. Also, we couldn’t manage the huge number of leads efficiently under a single roof which was affecting our TAT of revert to our incoming customers.

Today with Corefactors product, Teleduce, we are able to track all our riders calls in a structured way. And the reduction in lead leakage helped us increase teams’ productivity with tech solutions which is the key to scale.”

Corefactors have been associated with Zypp Electric for the past two years now. Corefactors ensures that their call center team and sales team get a unified experience in managing riders’ calls and leads efficiently and increasing their ROI. Corefactors being part of this EV evolution is really exciting, and we look forward to adding more value to our clients, – says SharmilaSundaram, Founder & CEO – Corefactors.

About Corefactors:

Corefactors product Teleduce is an Integrated CRM through which the Market team can position on the right channels, the Sales team can simplify the sales process with quick communication and conversation, and the Support team can leverage Teleduce to delight the customers every time by providing timely service.

Corefactors addresses the major problem of using different software for marketing, sales, and support teams with its all-in-one Integrated CRM which is being used by over 350 SMBs in India.

For more information, visit: https://www.corefactors.in

After a stellar lineup of awards, the Business Mint’s NationWide Start-Up Awards-2021 is back to focus the light on new companies that have created an effect with their innovative solutions in a time of unprecedented events.

New Delhi [India], August 25: As the COVID-19 pandemic raged across the globe, new companies in the country had to overcome a hostile business environment, wary investors, and a country under lockdown. However, a large number of these new companies grew stronger and stronger, and their products and services had a positive impact on society.

To recognize their zeal for innovation and lift their development and advancement inside the startup environment, Business Mint brings the Nationwide Awards for Startups 2021 to recognize the dedication of new companies and ecosystem enablers that are building inventive items or solutions that can produce work, create wealth, and have a quantifiable social impact.

The Business Mint’s NationWide Start-Up Awards-2021 has been established to commend the best and boldest who risked everything to launch a new enterprise. It is an acknowledgement of the perspiration and tears that went into moulding what will drive the nation’s economic engines tomorrow. The award recognizes entrepreneurs and tries to rouse the visionaries and thrill-seekers in every last one of us.

Business Mint provides a comprehensive analysis of business and a total look at the most amazing aspects of business, such as startups, SMEs, companies, and individuals. The Business Mint’s NationWide Start-Up Awards-2021 is an enormous achievement in which there are more than 700 nominations that come from across different industry areas. For example, Startups, Founders, CEOs, Incubation Centers, Mentors, Investors, E-Commerce Portals, Co-Working Spaces, etc. After selecting the most creative and bright-minded nominees, there were 25+ winners under several unique classifications. The winners came from everywhere in India.

Winning startups won’t just benefit by attracting more business, financing partnerships, and ability, but will also serve as good examples of different substances and growing business people. They will also be motivating different entrepreneurs to think of similar methods of ensuring societal welfare.

https://www.nationwideawards.org/ is the link where you can get the winners’ supplement.

 List of “Business Mint’s NationWide Start-Up Awards-2021” Winners:

• Credgenics – Promising Startup of the Year – 2021, Fintech Category
• Chai-Vaai Cafe – Most Prominent Food Startup of the Year – 2021, Café Category
• Urbano Fashion – Best Emerging E-Commerce Startup of the Year – 2021, Fashion Category
• PKC MYCFO – Best Emerging Startup Product of the Year – 2021, Finance Category
• Liftup Consultancy – Best Emerging Company of the Year – 2021, Recruitment Category
• MAKE ME FAIR – Best Emerging Startup of the Year – 2021, Beauty Services Category
• SHPERO Health LLP – Best Emerging Health Supplement Brand – 2021
• Luvih – Promising E-Commerce Platform – 2021, Beauty & Wellness Category
• Inko Tea – Best Emerging Startup of the Year – 2021, Beverage Category
• Credenc – Outstanding Company of the Year – 2021, Education Loans Category
• WB Hotels & Resorts – Emerging Startup of the Year – 2021, Hotel Chain Category
• InternshipWALA – Best Emerging Internship Portal – 2021
• Airsoft gun India private limited – Promising Air Gun Dealers in India – 2021
• Naexo Consulting (OPC) Private Limited – Promising Company of the Year – 2021, Technology and Management Consulting Services
• Voxit – Promising App of the Year – 2021, Audio/Podcast Category
• Insign – Most Preferred Interior Design Firm – 2021, Chennai
• ESWARI HOMES – Best Emerging Property Search Portal – 2021, Andhra Pradesh
• Mycleaners – Promising Startup of the Year – 2021, Cleaning Service Category
• Herbxpert Wellness Pvt. Ltd – Best Emerging Wellness Brand – 2021
• Mum Stores – Innovative E-Commerce Startup of the Year – 2021
• COCOFIT PVT LTD – Most Trusted Brand of the Year in Coconut Food and Beverages – 2021
• Best Agrolife Ltd – India’s Most Innovative Agrochemical Company – 2021
• Lenecare – Best Emerging Sanitary Pads Brand – 2021
• Prologic Web Solutions – Most Promising GST Suvidha Provider – 2021
• GoZapX Ventures Private Limited – Best Emerging E-Mobility Startup of the Year – 2021

Saluting the winners, the Founder of Business Mint, Mr. Vinay Kanth Korapati, said that the honours would create fervor and energy among young business entrepreneurs to take their creative plans to a more elevated level. He said the awards are novel as far as broadness and length and perceive groundbreaking thoughts, advancements, and better approaches to work. He said these are not just the acknowledgement and festivity of the new Eco-framework but will likewise urge the startup club to focus on the sky. He said some of them would end up being future unicorns and examples of overcoming adversity in India, which the world will see and perceive. This will push the new companies to extend and serve new geologies and an enormous number of individuals.

The Founder said that new companies would assume significant roles in numerous essential areas. He said that advances in technology would help in the financial turn of events and take the products of improvement and development, including every person in the pyramid. Innovation can help individuals the nation over to develop abilities, accomplish scales and work on quality. He said that it is ideal to see that individuals in the nation are currently becoming position makers instead of occupation searchers. He said the COVID-19 ought not to be viewed as a test but as a chance, and the individuals, who adapt to this test and battle with centered methodology with thoughts, advancements, and great execution, will harvest the profits.

New Delhi, August 25: Nowadays, in the competitive market, there is a hustle of many brands. Each brand is trying to make its mark by providing something special and unique. But the fact that attracts the consumer nowadays in the market is that the products or the services should be affordable and available easily. Especially in the clothing section, people do want to try sustainable products at affordable prices. Befykar is such a brand that keeps in mind the needs of the consumers and functions accordingly. Befykar, led by the Founder Abhishek Teri and the Co-Founder Shuvra Kumar Podder, is a Kolkata-based company. The company’s main aim is to give an option of an affordable garment to a wide section of people.

The backbone of any company lies in the people involved in the venture. Abhishek always wanted to create his own business as he hailed from a business family. He was also deeply inclined to the situation of unemployment in the country and wanted to add to society by generating employment. As a result, Befykar is also assisting in the creation of jobs.

Shuvra and Abhishek decided to get into e-commerce. It was a very new venture for Shuvra as he was a Company Secretary (CS), and coming into this venture would have him take a slightly unconventional path. Abhishek was from Business Process Outsourcing Background, so; it was comparatively easier for him. If we talk about why people would choose Befykar because of its affordable range and the quality of material that people would connect with? This venture’s primary target audience consists of children ranging in age from four to forty years. While we know more about the brand, let us understand why the brand’s name is “Befykar”. It is because it tells the people to shop in a tension-free manner from this shop. Befykar is famous for several other facilities like the delivery of products in a short period. It delivers products across India. Customization is the new trend in today’s generation. Thus Befykar provides products and dresses that are unique and also can be customized. Mainly this venture focuses on cost-effectiveness so that people can easily buy from this venture.

According to a report by IBEF, the Indian eCommerce market is expected to reach $200Billion by 2027 from $38.5 billion in 2017, and the number of online shoppers may reach 220 million by 2025.   Thus, the growth of online shopping platforms is massive, and the business can surely utilize them.

For any new venture to function well, it does take time but, Befykar has been doing well as it has not only got orders from Tier I cities, but also Tier III Cities are highly involved in getting orders. Currently, Befykar is functioning just on the B2C model but will open a B2B model very soon. Befykar is becoming quite common amongst the people now, and when it was asked to the owners and co-owners what the plans regarding Befykar were, they said that “We are projecting revenue of Rs 90 crores by March 2024 and 150 crores by the end of March 2025. B2B business is also quite common in India. When asked whether the company owners would be interested in joining B2B sales, they said if things go right, they would be thinking of opening a B2B platform very soon. Several well-known brands in the market, such as Bewakoof.com and the Soaled Store, are doing exceptionally well. The initial investment for start-ups is a thing to invest in and is a tedious job. The investment for this venture is around Rs. 1.20 CRORES, most of the amount is invested in building the manufacturing, printing unit, and marketing team. Abhishek says, “We are looking to scale the B2B market and add more categories at the cheapest cost available and giving the best quality available”.

Thus, Befykar is one-of-a-kind ventures which is functioning on different motives. Starting from catering to a wide range of sections from the age group of seven to forty it not only looks for fresh and sustainable clothing styles but also looks for customization when it comes to shirts, t-shirts, and tees. Befykar is one of the most used and the go-to style for the youngsters, and thus this special product is given a lot of importance over the other products. Moreover, the company ensures that the quality of the material you buy is up to the mark and not only that the cost is also kept such that can make the clothing affordable. So, if you want to shop for casuals and trendy clothes you be Befykar and shop in Befykar.

About Befykar:

Befykar is an e-commerce based online shopping platform that represents the spontaneity of fashion choices. With unique and original designs and a series of products in terms of fashion and accessories, they look forward to designing our products with the latest trends. As a brand, they focus on creating products that reflect the style, choice, and personality of the youngsters. Everything they produce and create; no matter what they introduce to you, their main goal is to ensure that you can pamper yourself.

New Delhi, August 24: Mynd Integrated Solutions, one of the leading Finance & Accounting (F&A) and HR outsourcing partners for businesses, awarded by NASSCOM in the AI & ML category,  has acquired Move78©️ platform from Monocle Consulting. The Artificial Intelligence Platform Move 78© brings with it niche solutions like Artificial intelligence-based Document Processing (IDP), Natural Language Processing (NLP) engine, & email BOTs. Mynd has also been awarded as Digital solution of the year in 2017 by a leading financial publication.

The amalgamation of Move78©️ platform and its team with Mynd’s technology division will stay ahead of the curve and bring a host of new-age digital transformation opportunities and SSC solutions to Mynd’s existing & prospective clientele under one roof. It shall reinforce the commitment and promise of delivering high-quality, value-added F&A and HR solutions that Mynd is always known for.

“We are committed towards creating further growth opportunities for our team, partners, and associates. This step in the field of technology shall open up new paths by enabling us to expand our footprint in domestic as well as international markets,” said Vivek Misra, CEO, Mynd Integrated Solutions.

“As work from home becomes the norm, Mynd ensures that information on documents can be processed anywhere, anytime through AI-based document processing, allowing Mynd to bring efficient solutions into our clients’ world. This also revitalizes the shared services offering by including RPA technology as an integral part of the digital transformation”, said Saurav Wadhwa, COO, Mynd Integrated Solutions.

“Mynd has been a leader in F&A and HRO business. Together, the two teams shall be accelerating their technology-led growth by offering AI & ML embedded plug & play BpaaS & SaaS solutions across industries.”, says Nand Kishore Anand (NK), who is joining Mynd Integrated Solutions as their Chief Digital Officer

“The Move78 platform was the right product at the right time, using Artificial Intelligence to meet the customer care and document processing requirements of our clients. We are sure that with Mynd’s support, the product will reach greater heights and wish the team the very best,” says Rekha Gupta Menon, Director, Monocle Consulting.

About Mynd:

Mynd Integrated Solutions is a leading global service provider in business process and technology management, offering a broad spectrum of services in Finance and Accounting (FAO), Human Resource Outsourcing (HRO), and Information Technology (IT). Its team of subject matter experts combines best practices with AI-powered SaaS (Software as a Service) to offer solutions that help businesses fully realize the benefits of process improvements and digital transformation. Mynd has been on a digital journey and has been creating value for clients by bringing tech-first solutions in many of the areas that they operate in. Their SaaS platforms like PEARL©️, IVAP©️, ACT©️, ARISE©️, and LMS©️ are widely used in the Indian Market.

About Move78

Move78, an offering of Monocle Consulting, was co-founded by Nand Kishore Anand (NK) and Rekha Gupta Menon. The young and energetic team of Move78©, headed by NK, has successfully created and deployed niche AI & ML enabled solutions like Intelligent Document Processing (IDP), Natural Language Processing (NLP) & email for BFSI and the service industry over the last four years.

Bengaluru, August 24: Inc. magazine revealed that Assiduus Global is among America’s top companies on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. It is Assiduus Global’s first attempt and is the only cross-border, multi-platform E-commerce supply chain and Distributions Company on the list.

The prestigious list is the most comprehensive view of the most important segment of the economy: America’s independent-minded entrepreneurs. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many well-known names gained their first national exposure as honorees on the Inc. 5000.

“We’re honored and excited to be part of the 2021 Inc 5000,” says Dr Somdutta Singh, Founder & CEO of Assiduus Global. “E-commerce is a rapidly growing ecosystem, and we’re proud to be leading at the forefront of the industry. We’re actively changing the way organizations scale and grow across global E-commerce marketplaces. We can’t wait to see where things go from here.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

Assiduus Global is the world’s largest & fastest growing, cross-border, multi-platform E-commerce supply chain and Distributions Company. Assiduus is backed by home-bred patent-pending cutting-edge technology that helps build and scale incumbent Fortune 500 companies and upcoming D2C brands across leading global E-commerce marketplaces such as Amazon, eBay, Walmart, Noon, Flipkart, Myntra, Nykaa and the like. Assiduus operates across five continents and over ten global E-commerce marketplaces. They efficiently leverage data, patent-pending technology and intelligence to offer brands exhaustive research-based actionable insights that drive higher E-commerce rankings, ROI and deliver results with credibility and consistency.

Inc. is the world’s most trusted business-media brand that offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.

Aug 24: The former full-time Infosys employee, Pankaj Mittal, left his job to follow his passion for public speaking. His two incredible Startups, Angrezi Club and Angrezi Bol, are changing the way people look at English. Through his new Startups, he aims to empower people with the best English communication skills. And also aid in their overall personality development.

Both his learning initiatives, Angrezi Club and Angrezi Bol, make learning English one of the easiest things to do. He does so by strengthening their communication skills through his next-level training programs. What makes his training programs unique is the fact that he looks for people’s weaknesses first; and then provides the necessary skills and knowledge to groom them for the practical world ahead.

The CEO and founder of Angrezi Club and Angrezi Bol, Pankaj, has always been inclined to writing. He has always had a great passion for public speaking and training. His passion had motivated him to choose a different career path, quit his dream job, and start his career as a soft skills trainer, writer, and motivational speaker. Pankaj is also the author of the national bestseller novel “Thank God I’m Single Again”.

His online and offline training Startup, Angrezi Club, focuses on teaching and training students with relevant English language skills. From providing the right speaking partner to the right learning environment, the Startup has aided over 3000 students in 28 states and 200 cities in the past year. What more! The honest student reviews also speak highly of them.

The online and offline English learning platform provides guaranteed success by offering engaging live sessions, certification courses, daily speaking partners, live interaction with all the learners, topic-specific in-app notes, and regular online tests to verify their student’s progress.

His other newest Startup, Angrezi Bol, commenced operations amidst the ever-escalating lockdown conditions. The innovative online platform has now become “India’s 1st Social Media Site for English Learners”. The online social media website gives students the ability to connect, socialize, and interact with thousands of English experts and learners from across the country.

Angrezi Bol’s easy-to-use mobile app helps English learners socialize and make new friends through instant messaging, daily live sessions, live chat groups, and much more. The platform provides three engaging training packages for students that are eager to improve their English speaking and communication skills.

Pankaj shares, “English has become a necessity in today’s world. It is not difficult to learn; the problem is people are not ready to make efforts to learn it.” His incredible mindset and practical training programs are also quite popular among doctors, teachers, fitness trainers, and housewives.

Through his new English learning platform, Pankaj Mittal aims to connect with 30+ states, 500+ colleges, 100k+ learners, and 1k+ groups by the end of 2022. He plans to do so by using a blended approach of live online training. An approach that focuses not only on improving their communication but also confidence.

In his 6 years-experience, Pankaj has trained 30,000+ students at 80+ colleges in 53 locations. He is a renowned Indian author, motivational speaker, CEO, and Founder of his entrepreneurial venture – Referral Interview, and an elite college and corporate soft skills trainer. He has already trained in100+ Engineering and MBA colleges across India. And, he is just getting started.

You can connect with him directly on Instagram @thepankajmittal

Learn more about them at

www.angreziclub.com
www.angrezibol.com
www.pankajmittal.in

Mumbai, August 24: The All India Importers’ and Exporters’ Association (AIIEA)  expresses its appreciation to the Union Minister for Commerce and Industry, Shri Piyush Goyal, for conducting a physical, face to face interactive session on 20th August 2021 with various Export Promotion Councils, Commodity Boards and authorities to discuss measures for enhancing and increasing exports. The exporters’ councils have thanked the Minister for introducing RoDTEP and RoSCTL schemes while requesting the Minister to increase the rates announced in these schemes and extend the benefit to other sectors. They also sought, inter alia, the Minister’s intervention in addressing issues of the recent oppressive rise in ocean freights and shortage of shipping containers. The Minister, in his address, has made it clear that RoDTEP and RoSCTL schemes were not incentives but are rebates and remissions of duties and taxes paid by them and hence are WTO compliant schemes. He noted exporters’ concerns while lauding the Indian exporters for living up to the name of being trusted partners in the world trade despite many hurdles and challenges posed by the Covid-19. Mr. Goyal appreciated the confidence and determination expressed by export promotion councils and commodity boards to meet their assigned export targets. He also congratulated them for putting India well on the track towards achieving the current year’s merchandise export target of $ 400 billion set by the Hon’ble Prime Minister. The Minister also congratulated the service sector for their outstanding contribution to the growth of India’s exports. He desired that the world-class standards achieved by the pharma sector be emulated by other sectors also.

Mr. B. Timothy, Vice President of AIIEA, commended the Minister for the progress made to sign harvest agreements to be followed by FTAs with Australia, UK, Canada, EU and GCC countries.

Email: allindiaimorterspv@gmail.com

Mumbai, August 23: The incentive schemes of RoDTEP (Remission of Duties and Taxes on Exported Products) and the RoSCTL (Rebate of  State and Central Taxes and Levies) introduced by the Ministry of Commerce and Industry are a big shot in the arm for the present and prospective exporters.

According to Mr. B. Timothy, Vice President of AIIEA, the Rs.12,454 Cr RoDTEP and Rs. 8,555 Cr. RoSCTL schemes covering 95% of tariff lines and two other schemes in the pipeline will provide much-needed relief to exporters and will go a long way in boosting exports and tapping new export markets.

The All India Association of Importers’ and Exporters’ Association appreciates the Hon’ble Union Minister of Commerce & Industry, Shri. Piyush Goyal for taking such creative initiatives towards achieving the export target of $ 400 billion this financial year.

Email: allindiaimorterspv@gmail.com