• News Title

    24th December 2018, Monday

  • News Title

    24th December 2018, Monday

  • News Title

    24th December 2018, Monday

Seminar on EXPORT MANAGEMENT

Bhagwan Mahavir college of Business administration had conducted a seminar more like a discussion forum on the topic of “Export Management “on the 24th of December 2018. The seminar was organized to impart knowledge on all first year, second year and third year students.

For this seminar, Mr. Bhagirath Goswami was invited to speak in the session. He was a powerful and impactful speaker. The topics he wanted to cover were;

  1. What is export?
  2. Which are the markets for export?
  3. Who are the sellers and what are the sales?
  4. Different Case Studies helpful to understand the concept.
  5. What is risk and risk management?

 

The seminar was very interactive, and the students weren’t hesitant to discuss. By introducing his own life experiences Mr. Bhagirath succeeded in grabbing every individual’s attention in the hall. He took the example of various products in the world of textiles (yarn, fabric, dress and sarees, Kurtis etc.) and their different markets i.e.; countries open for importing of these products. He taught the students that for any export the only requirement is the existence of a buyer and a seller. There are various inside and outside ways to find the markets for the sale.

The inside ways include finding a market through search engine or participating in exhibition where the buyers and sellers come together.

The outside ways are either through agents or buyer and seller meets.

 

The risks in exports and how any exporter can manage the risk was the core. Like either getting an advance payment on the contract or issuing a letter of credit or getting insured under the ECGC terms of India.

 

BM BBA REPORT 2018

 

Sir also provided with valuable recommendations from sources where exports is easy;

 

  • India Trade Portal
  • World Trade Map Portal
  • Dgft
  • Cbec (Central excise board of custom)
  • India Mart and Exporter’s Mart
  • Alibaba
  • Export Promotional Council
  • SRTEPC
  • ECGC

The seminar was an overall success with Mr. Bhagirath’s charming words and his humorous real-life examples. Finally, Mrs. Cheta Desai (I/C Principal of BMBBA) felicitated Mr. Bhagirath Goswami and gave a vote of thanks.

FACULTY COORDINATOR: Ms. Shanu B. Desai