BBA Marketing Unit 7: Export Promotion Organizations and Measures

Vocabulary practice flashcards covering institutional export promotion organizations (STC, MMTC, MITCS, TTCI, SEZ, EPCs) and key trade measures from BBA Marketing Unit 7.

State Trading Corporation of India Limited (STC)

A Government of India enterprise established in 1956 that acts as the government's trading arm in foreign trade, handling imports and exports of essential commodities like agricultural products, textiles, metals, and minerals.

Metals and Minerals Trading Corporation of India (MMTC)

One of India's largest trading companies established in 1963 that exports minerals, metals, agricultural products, gems, and jewelry, and imports precious metals such as gold, silver, and platinum along with energy resources.

Export Basket

The range and variety of products and commodities that a country sells abroad to foreign markets.

Maharashtra Industrial and Technical Consultancy Services (MITCS)

A state-level consultancy organization that supports industrial and export growth by providing technical consultancy, preparing feasibility studies, project reports, and export strategies for SMEs.

Tourism and Travel Corporation of India (TTCI)

An organization that promotes tourism as an export service to earn foreign exchange, facilitates inbound tourism, develops tourism infrastructure, and organizes international promotional campaigns.

Special Economic Zones (SEZs)

Designated export hubs that offer tax exemptions on income tax, customs duty, and GST, along with simplified customs procedures to attract foreign direct investment (FDI) and promote regional development.

Export Promotion Councils (EPCs)

Non-profit organizations under the Department of Commerce that register exporters, issue Registration-Cum-Membership Certificates, provide market intelligence, and represent exporters' interests.

Registration-Cum-Membership Certificate (RCMC)

A certificate issued by Export Promotion Councils to exporters upon official registration.

Engineering Export Promotion Council (EEPC)

An Export Promotion Council dedicated to supporting and representing exporters within the engineering sector.

Federation of Indian Export Organisations (FIEO)

An apex Export Promotion Council that represents and promotes the interests of various Indian export bodies and enterprises.

Agricultural & Processed Food Products Export Development Authority (APEDA)

An export promotion organization focused on facilitating and promoting exports of agricultural and processed food products from India.

Chemicals Export Promotion Council (CHEMEXCIL)

An Export Promotion Council focused on the development and promotion of India's chemical exports.

Channel for Government Schemes

A key role played by MMTC where it acts as a conduit for implementing government export promotion measures and trade policies.

Trade Facilitation

A role played by MMTC to assist exporters with documentation, logistics, and compliance with international standards.

Market Intelligence

Vital trade information regarding global demand, pricing trends, and international trade opportunities provided to exporters by organizations such as MMTC and EPCs.

Inbound Tourism

The travel of foreign tourists coming into India, facilitated by TTCI through coordination with hotels, airlines, and travel agencies.

Export-Oriented Units (EOUs)

Industrial units established under specific policy measures primarily aimed at manufacturing goods or generating services for export.

Financial Incentives (in Export Promotion)

Government fiscal benefits provided to exporters, including duty drawback, subsidies, and tax exemptions.