CONTENTS

S.No. 

Details

I.

Introduction

II.

Major events held in 2003-04 including Bilateral Visits, Business Meetings, Activities undertaken by various Export Promotion Councils and Organisations under Focus: CIS Programmes

III. 

Major events scheduled to be held in 2004-05 Activities approved under Focus: CIS Programme

IV.

Trade Facilitation Steps

V.

Trade Promotion Measures

VI.

Marketing Development Assistance (MDA) Scheme

VII.

Market Access Initiative (MAI) Scheme

Armenia Georgia
Coffee Market Coffee Market Survey
Cut & Polished Diamond Industry Textile Industry
Frozen Buffalo Meat Frozen Buffalo Meat
IT Industry IT Sector
Processed Food Industry Food Processing Sector
Tea market Tea Industry

VIII.

ECGC Cover

IX.

EXIM Bank Lines of Credit

X.

Role of EPCs / Apex Chambers/Missions

XI.

Profiles of Countries in CIS Region

A.

Region Wise Major Exporting & Importing Countries of CIS Region Exports & Imports of Countries in CIS Region

B.

Profiles of 12 CIS Countries

Trade Promotion Organizations, Export Promotion Councils, Commodity Boards, National Industry Chambers & Industry Associations

  For further enquiries, please contact

FOCUS : CIS

A PROGRAMME FOR DEVELOPING AND ENHANCING INDIA'S TRADE WITH THE CIS REGION

I. INTRODUCTION

After disintegration of former Union of Soviet Socialist Republics (USSR), 15 countries came into existence. Commonwealth of Independent States (CIS), which was established in 1991, is successor body to the USSR, formed to ensure continued cooperation in trade and military policy and recognition of borders. It has no formal political institutions. Presently, out of 15 countries, 12 countries namely Russian Federation, Ukraine, Moldova, Georgia, Armenia, Azerbaijan, Belarus, Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan, Tajikistan are the members of Commonwealth of Independent States (CIS) and rest of the 3 countries namely Latvia, Lithuania and Estonia are known as Baltic States. The CIS region stretches from Central Asia to East Europe. Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan and Tajikistan fall in Asia and are commonly known as Central Asian Republics (CAR).

Traditionally, relations between India and countries of the CIS Region have remained close and cordial since the Soviet era. After collapse of the Soviet Union commercial relations have not grown commensurately with the new states. The neighboring European Countries have occupied a major portion of trade markets in these countries. The main reasons that affect our trade with the region are: distance, language barriers, inadequate transit facilities, inadequacy of information about business opportunities, macro-economic instability, modest progress made both in liberalization and privatization, lack of direct and regular interaction among the business entities & inadequate banking facilities in the CIS Countries.

Considering the potential that the CIS region offers and our insignificant presence in that market Focus : CIS Programme was launched by Commerce & Industry Minister w.e.f. 1/4/2003 at the time of announcement of the EXIM Policy on 31/3/2003. The Programme aimed to focus at countries of the CIS region with emphasis in the first phase on 7 countries namely Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan, Azerbaijan and Ukraine. With a view to enhance India's trade with countries of the CIS region, the scope of the Focus: CIS Programme has been extended to rest of the CIS region, namely to Russian Federation, Armenia, Belarus, Georgia & Moldova as well. Therefore, w.e.f. April 2004 the programme covers all the 12 CIS countries.

Under this Programme, the Government of India extends assistance to exporters, EPCs, Business chambers etc. to visit these countries, organise 

trade fairs, invite CIS trade delegations to visit India & undertake various other market promotional activities. The initiatives taken under this Programme have received an encouraging response from the Indian trading community and are likely to further boost bilateral trade in the forthcoming years.

 

II. MAJOR EVENTS HELD IN 2003-2004

In the recent past, economic liberalization measures adopted by Countries of the CIS Region and India, establishment of institutional mechanisms for mutual interactions and development of fast/direct shipping links to CIS Region have contributed to increased economic interaction between Countries of the CIS Region and India. However, the full potential is yet to be realized. Recognizing the need for enhancing trade and to stimulate interest among the businessmen of both the sides, a number of high level visits and a range of initiatives, as mentioned below, have been undertaken:

A. Bilateral visits

a. Armenia

b. Kyrgyzstan

c. Russian Federation

d. Tajikistan

e. Ukraine

f. Uzbekistan

B. Business Meetings/Exhibitions/Fairs during 2003-04

a. Armenia

b. Belarus

c. Kazakhstan

d. Kyrgyzstan

e. Russian Federation

f. Tajikistan

g. Turkmenistan

h. Ukraine

i. Multi-country

C. Activities undertaken by various Export Promotion Councils and Organisations under Focus: CIS Programme during 2003-04

Sl. No.

Implementing Agency & Activity

MDA Grant
(in Rs. lakhs)

1.

EPC for Handicrafts:

a) Invited buyers to the Indian Handicrafts & Gifts Fair-Autumn 2003 & Spring 2004 held on 13-16th October 2003 and 28th February-2nd March 2004 respectively

    2.30

2.

Engineering EPC:

a) Field Market Study of Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan

b) Market Awareness Seminar at the 4 industrial towns viz. New Delhi, Mumbai, Kolkata and Chennai in India

 5.57

3.

Electronics & Computer Software EPC:

a) Organised the extravaganza of Indian IT industry, INDIASOFT 2004, comprising of IT Exhibition & Conferences, between February 10-12th 2004 at New Delhi.

   5.60

4.

Chemicals & Allied Products EPC:

 a)     Capexil participated, under ITPO banner, in Consumer Expo held in Tashkent, Uzbekistan during November 18-20th 2003

9.00

5.

Shellac EPC:

a) Preparation of databank on shellac and Lac based products in partner countries.

b) Publicity, Product & Country specific catalogue/ brochures, seminars, Publications in local language for sensitising the environment

  1.80

6.

Basic Chemicals, Pharmaceuticals & Cosmetics EPC :

 No response has been received from CHEMEXCIL

   7.50

7.

ITPO:

 a)     Participated in Consumer Expo held in Tashkent, Uzbekistan during November 18-20th 2003

  7.00

 

8.

FIEO:

a) Mounted a Multi Product business delegation to & organised Buyer-Seller Meets in Kyrgyzstan, Kazakhstan, Azerbaijan & Uzbekistan during January10th-22nd 2004

 2.57

 

TOTAL

41.34

III. MAJOR EVENTS SCHEDULED TO BE HELD IN 2004-05

a. Activities approved under Focus: CIS Programme for the year 2004-05

 

Implementing Agency & Activity Proposed

MDA Grant Approved for council (in Rs. Lakhs)

1. Plastics EPC:

  1. Participation in ExpoPack/ Consumer Expo in Kazakhstan - Almaty, 25-28 May 2004

  2. Participation in RosuPaK 2004/ International Packaging Industry Trade Fair in Russia- Moscow, 16-18 June 2004

  3. Participation in PackTech/ Consumer Expo in Uzbekistan- Tashkent, 23-25 November 2004

  4. Composite delegation/ BSMs to/ in select CIS countries ( two or more of Russia, Kazakhstan, Ukraine, Uzbekistan & Azerbaijan)

  5. BSMs in India with buyers from CIS region-December 2004

  6. Publications/ Publicity/ Advertisements abroad/ CD-ROM's / Translation etc.

40.89

2. Chemicals & Allied Products EPC :

  1. 20-Member Business Delegation to CIS Countries (Multi Products) for 12 days

  2. Participation in ITPO Fairs/ Exhibition in CIS for 5 days

  3. 1 Awareness Seminar on export promotion scheme in Kolkata/ Delhi/ Mumbai/ Madras/ Bangalore

  4. Translation facilities in foreign languages & vice versa

  5. Product catalogue in CD ROM

15.53

3. Engineering EPC:

  1. Buyer Seller Meet at Tashkent- Uzbekistan, May 2004 for 2 days

  2. Buyer Seller Meet at Kiev- Ukraine, June 2004 for 2 days

  3. INDIATECH, ALMATY- Kazakhstan, September 2004

  4. 4 Export awareness Seminars on CIS in Indore, Bangalore, Kolkata & Ludhiana

21.02

4. Gems & Jewellery EPC:

  1. Reverse trade visits of foreign buyers/ delegates to India from Uzbekistan, Kyrgyzstan, Ukraine during India International Jewellery Show 2004

  2. Delegation/ BSM in CIS Countries for 8 days

8.74

5. Cashew EPC:

  1. Participation in Prodexpo, Russia for 4 days

3.22

6. Council for Leather Exports:

  1. Organisation of reverse BSM with buyers from focus countries in Delhi & Chennai- Jan. 29-30 & Feb. 1-2, 2005 respectively

  2. Organisation of BSMs for Leather Goods, Footwear and Leather garments in Kazakhstan, Belarus and Ukraine in September 2004

19.74

7. Synthetic & Rayon Textiles EPC:

  1. Participation in Federal Trade Fair for Textile and Light Industry Goods in Russia- Moscow, Sept. 2004

2.19

8. Powerloom Development & EPC:

  1. Participation in Heimtextil Rossija, Moscow, Russia- September 22-25, 2004

2.63

9. Wool & Woolens EPC:

  1. TEXTILEXPO, Moscow, Russia- Sept. 21-24, 2004

  2. Sales cum Study team to Belarus, Ukraine etc.- August 2004

5.16

10. Handloom EPC:

  1. Participation in Heimtextil Rossija, Russia- 22-25 September 2004

3.86

11. Basic Chemicals, Pharmaceuticals & Cosmetics EPC :

  1. Participation in 11th Kazakhstan International Healthcare Exhibition- Almaty, 12-15 May 2004

  2. Participation in Healthcare Catalogue Exhibition- Russia, 21-24 Sept. 2004

  3. Sponsoring trade delegation to Kazakhstan, Uzbekistan, Turkmenistan, Azerbaijan & Kyrgyzstan- July 2004

  4. India-CIS Health Summit in Mumbai

40.17

12. Shellac EPC:

  1. Participation in Consumer Expo/ Food Expo 2004 at Tashkent- Uzbekistan, November 2004

Alternative

Composite BSM/Trade Delegation to Ukraine & Azerbaijan

  1. Reverse Trade visit of Prominent Foreign Buyers/ Delegates/ Journalist from CIS countries to India for participation in BSMs/ Exhibitions

  2. Translation facilities in foreign languages and vice-versa

  3. Product Catalogue in CD ROM

12.06

13. Overseas Construction Council of India Ltd.:

  1. Participation in Build Tech 2004, Ukraine- October 5-8, 2004

3.57

14. Indian Silk EPC:

  1. Participation in HEIMTEXTIL RUSSIA for 4 days- Sept. 2004

2.85

15. Electronics & Computer Software EPC:

  1. Participation in KITEL 2004 Exhibition- Kazakhstan, June 1-4, 2004

  2. Consumer electronics Delegation visit and BSM in Russia/ Kazakhstan/ Uzbekistan- Sept.-Oct. 2004

  3. Reverse Trade Visit/ BSM with 30 delegates from CIS region

  4. Product Catalogue (CD ROM)

36.60

16. EPC for EoUs & SEZ Units:

  1. Taking Multi Product Trade delegation to Kazakhstan, Ukraine & Uzbekistan for 10 days- November 2004

1.80

17. EPC for Handicrafts:

  1. Inviting leading marketers/ Departmental Stores & Trade journalists in the INDIAN HANDICRAFTS & GIFTS FAIR twice a year- Autumn Fair; October 13-17, 2004 & Spring Fair; February 24-27, 2005

  2. Participation in Consumer Expo 2004- Almaty, Kazakhstan, May 25-28, 2004

  3. Sponsored Buyer Seller Meet/ trade Delegation to CIS Region

17.00

18. Carpet EPC:

  1. Buyer Seller Meet - St. Petersburg, Russia

  2. Reverse Trade Visit (10 Buyers/Journalists from CIS region) in Carpet Expo & BSMs.

2.80

19. FIEO:

  1. Buyer Seller Meet at Ukraine, Belarus, Armenia and Georgia - July-August 2004

  2. Multi Product Exhibition in St. Petersburg & Moscow, Russian Federation- Sept-October 2004

  3. Multi Product Exhibition in Almaty (Kazakhstan), Bishkek (Kyrgyzstan) & Baku (Azerbaijan)

  4. Reverse Buyer Seller Meet from CIS Countries

51.00

20. CII:

  1. India-CIS Energy Conclave- New Delhi, November 2004-15 International Buyers

  2. Series of Awareness Seminars on CIS- Delhi & Mumbai or Chennai

9.92

21. FICCI:

  1. Technology Mission to Kazakhstan, Kyrgyzstan and Uzbekistan

6.96

TOTAL

307.71

 

IV. TRADE FACILITATION STEPS

a) International Transit Agreement

International North South Transport Corridor Agreement was signed between India, Iran and Russian Federation to facilitate movement of goods via Iran, Caspian Sea and Astrakhan to Russia and adjoining countries of the CIS region. The advantages of this Agreement are as follows: -

Approval of the Ministry of Commerce & Industry to the accession of eight countries namely Kazakhstan, Belarus, Bulgaria, Armenia, Azerbaijan, Sultanate of Oman, Tajikistan and Syrian Arab Republic has already been conveyed to Ministry of Shipping, which is nodal Ministry of Government of India for monitoring the development of the N-S Transport Corridor.

b) Government-to- Government Lines of credit from India

  1. Under the India Development Initiative, the Ministry of Finance, Department of Economic Affairs (DEA) has issued new guidelines for Government Lines of Credit (LOC). Recipient countries have been put under four different classifications- HIPC (Highly Indebted Poor Countries), LIHD (Low Income High Debt), MIHD (Middle Income High Debt), MILD (Middle Income Low Debt).

  2. The credit terms offered to HIPC (Highly Indebted Poor Countries) are as per the norms of the Paris Club Initiative and has a grant element of 41.25% built into the credit terms. The interest rate is 1.75% fixed payable over 20 years with a moratorium of 5 years.

  3. For the other three categories the interest rate is LIBOR+0.5% with different repayment periods. The interest rate will go up or down depending upon LIBOR. At the moment the LIBOR is 1.24% (February 2004). Considering the interest in the international market, which is around 6%, our lines of credit are concessional and should be attractive to the recipients.

  4. The grant element is the difference between the amount the countries would have to repay at market rate and at our concessional rate. For example, if a HIPC country borrows 100 dollars they will repay 106 dollars at 6% interest rate. In our case they will repay only 101.75 dollars. The difference of 4.25 dollars is taken as the grant element. In addition, they get the moratorium period of five years and the longer repayment period.

  5. In the revised policy guidelines the State Bank of India, Bank of Baroda, and Indian Overseas Bank are also being used in addition to EXIM Bank for channeling the LOCs to other Governments. DEA will choose any one of the banks on a case by case basis depending upon the terms they offer for servicing the lines of credit. DEA will reimburse EXIM Bank or the other banks for the difference between the interest rates being given to recipient countries and the rate being charged by these banks from DEA. There will be no change in the declared interest rate for the recipient countries.

  6. In case the LOCs are to be used by Public Sector Undertakings or non-governmental bodies, the government of the recipient country should receive the LOC in its name and give guarantee for repayment.

  7. All proposals and recommendations for LOCs made to DEA, Ministry of Finance may be routed through the ITP Division, MEA.

  8. To avoid non-utilisation of LOCs, Indian Missions need to identify projects and users before recommending LOCs.

  9. LOCs can be used for financing project and product exports. However, priority should be given to high visibility long-term projects.

c). Inter-Banking Relations

Many Indian banks have Inter-banking relations/ arrangements with Countries of the CIS region as mentioned below :

i) Canara bank

Belarus

Bank for Foreign Economic Affairs of the Republic of Belarus

Tajikistan

Commercial Bank for Foreign Economic Affairs of Tajikistan

Ukraine

The state Export Import bank of Ukraine

ii) Bank of Baroda

Russian Federation

Bank for Foreign Economic Affairs of the USSR

iii) State Bank of India

Belarus

Belarusian Joint Stock Commercial Bank for Industry and Construction (Belpromstroibank)

Belvnesheconombank

Estonia

Hanspank

Kazakhstan

Turan-Alem Bank or Bankturanalem (formerly Alem Bank)

Kyrgyzstan

Commercial Bank of Kyrgyzstan

Russian Federation

Bank For Foreign Trade ( Vneshtorgbank)

Credit Lyonnais Rusbank

Evrofinance (Evrofinance Commercial Bank)

Industry & Construction Bank

International Moscow Bank

ZAO Raiffeisenbank Austria

Vnesheconombank (Bank for Foreign Economic Affairs (BFEA)

Tajikistan 

National Bank of Tajikistan

Tajikvnesheconombank

Turkmenistan

The State Bank for Foreign Economic Affairs of Turkmenistan (Turkmenvnesheconombank)

Ukraine

First Ukrainian International Bank

Ukreximbank (State Export Import Bank of Ukraine)

Uzbekistan

National Bank for Foreign Economic Activity of The Republic of Uzbekistan.

d) Double Taxation Avoidance Agreement (DTAA)

To promote and facilitate trade, Double Taxation Avoidance Agreement (DTAA) has already been signed with Russian Federation, Ukraine, Kyrgyzstan, Turkmenistan, Kazakhstan, Uzbekistan, Armenia, and Belarus. Negotiations are on for signing the same with Azerbaijan. Steps will be taken for initiating negotiations with rest of the CIS countries i.e. Moldova, Georgia & Tajikistan.

e) Bilateral Investment Protection Agreement (BIPA)

To promote and facilitate bilateral trade and investment, Bilateral Investment Promotion Agreement (BIPA) has already been signed with Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan, Ukraine, Russian Federation, Armenia & Belarus. Steps will be taken for signing BIPA with rest of the CIS countries i.e. Azerbaijan, Georgia & Moldova.

f) Some More Steps

V. TRADE PROMOTION MEASURES

i) Enhanced Interaction:

Interaction with important trading partners will be enhanced to act as a catalyst for the private sector to explore and tap full potential of the CIS region. The Government shall have increased frequency of interaction at the highest level with important trading partners. Bilateral trade and economic cooperation between India and these countries is regularly reviewed through the bilateral Joint Commissions/Working Groups and Joint Business Councils.

ii) Institutional Mechanisms:

a) Joint Commission Meetings:

Institutional arrangements in the form of Joint Commission / Working Group already exist with Russian Federation, Ukraine, Belarus, Uzbekistan, Kazakhstan, Kyrgyzstan, Armenia and Tajikistan. These institutional mechanisms have been activated. Steps will also be taken for formation of Joint Commission with other countries of the CIS region, where the same have not yet been instituted.

b) Joint Business Councils:

FICCI plans to have increased interaction with its counterparts and hold meetings of the Joint Business Councils (JBCs) at regular intervals. Similarly CII/PHD Chamber of Commerce & Industry/FIEO also propose to have regular interaction with their counterparts in CIS region with whom they have signed MoUs. Simultaneously, seminars and conferences are proposed to be organized within the country for creating awareness on emerging markets in the CIS region.

c) Trade Missions/Delegations:

Trade/Economic Missions result in creating necessary awareness in the region regarding India's economic reforms, strength of Indian Industry and its export capabilities. These also provide impetus for businessmen to explore new markets. High-level trade missions shall be mounted to the CIS region.

d) Roles Identified for some Important Government Organisations:

India Trade Promotion Organisation (ITPO)

The Indian Trade Promotion Organisation (ITPO) shall undertake various trade promotion measures, which would include:

National Centre for Trade Information (NCTI)

Jointly promoted by India Trade Promotion Organization (ITPO) and National Informatics Centre (NIC), NCTI is involved in assimilation and dissemination of useful trade information.

NCTI provides contact details of product-wise specific buyers through the World Trade Point Federation Network (www.ncti-india.com/www.tradepointindia.com) initiated under the Trade Efficiency Programme of UNCTAD. Currently there are 130 Trade Points across the globe 7 of which are located in the CIS Region in Russia, Azerbaijan, Belarus, Kyrgyzstan and Uzbekistan.

NCTI also has access to the requisite database and expertise to provide trade data analysis helpful in country and product specific strategy formulation.

VI. MARKETING DEVELOPMENT ASSISTANCE (MDA) SCHEME

As per the stipulation under the caption "Focus Area Programme" in addition to the activities in non focus areas, special provision has been made under Reverse Trade visits for visit of prominent delegates and buyers (one person from each organization) from these Focus Area Regions for participation in buyer cum seller meets, exhibitions etc. in India. The foreign delegates / buyers / journalists would be assisted in meeting their return air travel expenses in economy excursion class upto the entry point in India. This would, however be subject to financing only the well planned participation's wherein the potential of the incoming delegate(s) / buyer(s) / journalist(s) have been screened by the concerned EPC and Territorial division. The following activities are eligible to be undertaken under Focus Area Programmes:

For Activities under the Focus-Area Programmes :

S.No.

Permissible Items of expenditure under MDA

Percentage of funding under MDA

1. 

Participation in International Fair/exhibitions organized by EPCs etc. Sponsoring BSMs / Trade delegations abroad by EPCs etc.

As applicable in non-focus area with ceiling of Rs.10 lakhs

i) 100% (subject to a ceiling of Rs.60,000)

ii & iii) As applicable in non-focus area with ceiling of Rs.10 lakhs

2. 

Reverse trade visits of prominent foreign buyer/delegates/journalists to India for participation in BSMs/exhibitions etc:

(i) Return airfare travel expenses in economy excursion class upto the entry point in India.

(ii) Venue charges

(iii) All other organising expenditure

All other expenses relating to stay, per diem allowance, local travel, etc. of delegates invited from abroad are to be met by the EPC or by sharing between the organisers and delegates

3. 

Translation facilities in foreign languages and vice versa

60%

4. 

Product catalogue in CD ROM

60%

Participation/organization of export promotional activities shall be subject to the following conditions :

  1. The exporters participating in EPC sponsored trade delegations and fair/exhibitions/buyer cum seller meets etc. abroad shall receive the MDA assistance on reimbursement basis on scales.

  2. One official of the EPC (subject to an upper ceiling of two visits in one financial year by individual official) can accompany EPC sponsored trade delegation / organised participation in trade fair/exhibition followed by BSM. This would, however, be subject to the condition that a minimum of five exporters participate in such events. In rare circumstances, the Joint Secretary of the concerned commodity / territorial division can relax the condition of a maximum of two visits by an individual official in a financial year.

  3. Per Diem allowance, hotel charges etc. would not be permissible from MDA funds to exporters/elected office bearers of the EPCs etc. travelling abroad.

  4. MDA assistance shall be limited to 60% of the total approved cost and the remaining has to be met by the EPCs from the contributions from participants, members, trade etc.

  5. For "Reverse trade visits" the air-fare economy excursion class for invited delegates would be subject to the upper ceiling of Rs.60, 000.

VII. MARKET ACCESS INITIATIVE (MAI) SCHEME

Market Access Initiative (MAI) Scheme is an Export Promotion Scheme envisaged to act as a catalyst to promote India's exports on a sustained basis, during the 10th five year Plan. The scheme is formulated on focus product-focus country approach to evolve specific strategy for specific market and specific product through market studies/survey. Assistance would be provided to Export Promotion Organizations/Trade Promotion Organizations /Exporters etc. for enhancement of export through accessing new markets or through increasing the share in the existing markets. Under the Scheme the level of assistance for each eligible activity has been fixed.

The following activities will be eligible for financial assistance under the Scheme:

a) Opening of Showrooms

b) Opening of Warehouses

c) Display in international departmental stores

d) Publicity Campaign and Brand Promotion

e) Participation in Trade Fairs, etc., abroad

f) Research and Product Development

g) Reverse visits of the prominent buyers etc from the project focus countries

Under the MAI Scheme, financial assistance may be given to:

Further details of the scheme may be accessed on the Department's website (www.commerce.nic.in)

VIII. ECGC COVER

ECGC has liberalized its underwriting policy for a number of countries in the CIS region. Azerbaijan, Kazakhstan, Georgia, Moldova, Russia, Ukraine have been shifted from Restricted cover category to Open cover category which will enable policyholders to obtain covers on a more liberalized basis. For these countries ECGC cover under short term is available for Political Risks for all transactions irrespective of limit on individual buyer or Bank. However comprehensive cover (commercial plus political risk) is available depending on ECGC's assessment of the credit worthiness of the Buyer/Bank.

For the remaining 6 countries i.e. Armenia, Belarus, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan ECGC cover is available on a revolving limits basis, normally valid for a year on the following basis:

a) Irrevocable Letters of Credit opened by or confirmed by Banks listed in the Bankers Almanac or by local banks whose reports are satisfactory Cover will be 90%.

b) Normal cover of 90% on DP/DA terms subject satisfactory report on the buyer.

The corporation has liberalized & is regularly reviewing its underwriting policy on the CIS countries based on its in-house assessment on a number of factors such as Economic Risk Rating, Political Risk Rating, Economic and Political relations with India, ECGC Experience and Experience with other Credit Insurance Agencies. Modifications are being carried out from time to time that will help in promoting exports to this region.

IX. EXIM BANK LINES OF CREDIT

Lines of Credit enable Indian exporters, including Small and Medium Enterprises (SMEs), to export a variety of products (industrial manufactures, consumer durables and capital and engineering goods) to importers in these countries without repayment risk. While 15% to 20% of the contract value is paid as advance by the importers, the balance 80% to 85% of the contract value is disbursed by the EXIM Bank to the Indian exporters on shipment of goods. The recovery of credit extended to the overseas buyer is taken care of by the EXIM Bank, without recourse to Indian exporter.

The EXIM Bank shall explore the possibilities of further extending lines of credit to selected commercial banks in the CIS countries.

The EXIM Bank of India has signed agreements to provide two Lines of Credit worth USD 10 million and USD 25 million to Russian banks namely Vnesheconombank and Vneshtorgbank respectively for boosting Indian Exports to the Russian Federation. EXIM Bank has also extended the first Line of Credit of USD 10 million to TuranAlem Bank in Kazakhstan.

X. ROLE OF EPCs / APEX CHAMBERS/MISSIONS

The success of "Focus: CIS Programme" requires the proactive role and involvement of Export Promotion Councils, Apex Chambers and Indian Missions located in the CIS Region. Their activities would comprise the following:

i) Export Promotion Councils (EPCs)

- Shall carry out market surveys for items with export potential in the CIS region and disseminate information to their members through publications.

- Shall encourage members to participate in specialised International Fairs/Exhibitions.

- Shall bring out promotional literature in local languages.

- Shall hold commodity specific seminars in selected industrial centres.

- Shall prepare compendium of main importers/associations in the CIS region and disseminate the same to their members.

ii) Apex Chambers of Commerce/Industry

- Shall establish and strengthen ties with their counterparts in the region and ensure that there are more frequent exchange of delegations.

- Shall hold regular interactive discussions with their counterparts through JBC's/ MoU's and explore investment opportunities for setting up of Joint Ventures, EoU's etc.

- Shall widely disseminate information amongst Indian businessmen through their publications, bulletins and other periodicals regarding potential Indian exports to CIS countries.

- Shall organize seminars and workshops at regular intervals to create awareness regarding the untapped potential that exists in the region for exporting goods. These seminars/workshops shall be held in various industrial centres.

iii) Role of Indian Missions in the CIS region

- Shall organize catalogue/brochure exhibitions

- Shall provide regular feedback on implementation of the programme.

- Shall play a proactive role in coordinating promotional measures like organization of Buyer-Seller- Meets, visit of delegations and participation in trade fairs.

- Shall carry out market surveys for the specified products in collaboration with the ITPO and concerned EPCs.

- Shall send processed/usable information in bulletins to the EPCs on focus products/technology/service sectors.

XI. PROFILES OF COUNTRIES OF THE CIS REGION

RANK WISE IMPORTS OF COUNTRIES IN CIS REGION

Value in Million USD

Country

Year

Previous Year

Latest Year

%age Change (Latest / Previous Year)

Indicative %age share in total imports of CIS Region

Russia

2003

42103.36 

52410.08 

24.48

54.40

Ukraine

2002

15775.06

16975.85

 7.61

17.62

Belarus

2003

9092.32

 11504.91

26.53

11.94

Kazakhstan

2001

5033.30

6355.87

26.28

6.60

Turkmenistan

2000

1785.53

 - 

1.85

Uzbekistan

2002

1762.14

 - 

1.83

Azerbaijan

2002

1430.87

1665.56

16.40

1.73

Rep. of Moldova

2003

1038.35

1398.60

34.69

 1.45

Armenia

2002

(Yr. 2000)
840.26

945.01

12.47

0.98

Georgia

2000

603.13

650.72

7.89

 0.68

Kyrgyzstan

2002

579.35

 - 

0.60

Tajikistan

2003

312.18

  - 

0.32

 

RANK WISE EXPORTS OF COUNTRIES IN CIS REGION

Value in Million USD

Country

Year

Previous Year

Latest Year

%age Change (Latest / Previous Year)

Indicative %age share in total exports of CIS Region

Russia

2003

100363.95

125960.34 

25.50 

73.71

Ukraine

2002

16264.72

17927.42

10.22

10.49

Belarus

2003

8020.90

9964.28

24.23

5.83

Kazakhstan

2001

8788.76

8619.65

 -1.92

5.04

Turkmenistan 

2000

1186.99

2505.55

111.08

1.47

Azerbaijan

2002

2314.28

2167.50 

-6.34

1.27

Uzbekistan 

2002

1371.63

 - 

0.80

Moldova 

2003

643.90

790.29

22.73

0.46

Kyrgyzstan

2002

460.31

 - 

0.27

Armenia

2002

294.10

382.82

30.16

0.22

Georgia

2000

238.17 

329.87

38.50 

0.19

Tajikistan

2002

 -

409.94

0.24

Source : UN Database

EXPORTS AND IMPORTS

Value in Million USD

 

1995

2002

2003*

 

Total

CIS Count.

Other Count.

Total

CIS Count.

Other Count.

Total

CIS Count.

Other Count.

EXPORTS

Azerbaijan

 637

285

 352

2168

 244

1924

 2163

277

1886

Armenia

 271 

170

101

507

 96

411

619

114

505

Belarus

4803

3027

1776

8021

4384 

3637

8969

4905

4064

Georgia

152

95 

57

325

158

167 

393

191

202

Kazakhstan

5250

2883

2367

9670

2194 

7476

11592

2660

8932

Kyrgyzstan 

409

269

140

486

169

317

510

175

335

Moldova

746

467

279

644

351

293

705

380 

325

Russia

78242 

14555 

63687

106234 

15689

90545

119351

18248

101103

Tajikistan

749

252

497

737

188

549

706 

128

578

Turkmenistan

1881

930

951

Uzbekistan 

2821

1109

1712

Ukraine 

13128 

6960

6168

17957

4377

13580

20679

5386

15293

 

 

1995

2002

2003*

 

Total

CIS Count.

Other Count.

Total

CIS Count.

Other Count.

Total

CIS Count.

Other Count.

IMPORTS

Azerbaijan

667

228

439

1666

651

1015

2317

754 

1563

Armenia

674 

334

340

991

306

685

1154

285

869

Belarus

5564 

3677

1887

9092

6295

2797

10260

7154

3106

Georgia

396

159

237

720

279

441

937

314

623

Kazakhstan

3807

2653

1154

6584

3043

3541

7402

3480

3922

Kyrgyzstan 

522 

353

169

587

323

264

632

358

274

Moldova

841

569

272

1039

409

630

1211

521

690

Russia

46807

13690

33117

46076

10156

35920

50596

11873

38723

Tajikistan

810 

478

332

721

548

173

780

536

244

Turkmenistan

1364 

745 

619

...

...

...

...

...

...

Uzbekistan 

2748 

1118 

1630

...

...

...

...

...

...

Ukraine 

15484

9996

5488

16977

8968

8009

20344

10311

100033

*January-November                                                          Source : Stat Committee of CIS

TRADE PROMOTION ORGANIZATIONS, EXPORT PROMOTION COUNCILS, COMMODITY BOARDS, NATIONAL INDUSTRY CHAMBERS & INDUSTRY ASSOCIATIONS

1. INDIA TRADE PROMOTION ORGANIZATION (ITPO)
Pragati Bhawan,
Pragati Maidan,
New Delhi - 110001.
Tele : +91-11-23371540
Fax : +91-11-23371942/3
E-mail : itpoffd@vsnl.net
Website : www.indiatradepromotion.org 

2. NATIONAL CENTRE FOR TRADE INFORMATION
NCTI Complex, Pragati Maidan,
New Delhi - 110001
Tele: +91-1123371948/50/51/53/80
Fax: +91-11-23371979
E-mail: ncti@nda.vsnl.net.in ncti@ncti-india.com
Website: www.ncti-india.com 

NATIONAL CHAMBERS

1. The Associated Chamber of Commerce and Industry of India (ASSOCHAM)
147-B, Guatam Nagar,                                          ASSOCHAM House,
Gulmohar Enclave,                                               47, Prithviraj Road
New Delhi - 110049.                                             New Delhi - 110001.
Tele : +91-11-26512477/79, 51643407
Fax : +91-11-26512154
E-mail : assocham@sansad.nic.in
Website : www.assocham.org 

2. Confederation of Indian Industry (CII)
India Habitat Centre, 4th Floor, Core 4A,
Lodhi Road, New Delhi - 110003.
Tele : +91-11-24682230-35, 24653375
Fax : +91-11-24682228/9
E-mail : shipra.sarma@ciionline.org
Website : www.ciionline.org 

3. Federation of Indian Chambers Of Commerce And Industry (FICCI)
Federation House, Tansen Marg, New Delhi-110001
Telephone :23738760 - 70 (11 Lines)
Fax : 91-11-23320714, 23721504
E-Mail : ficci@ficci.com
Website : www.ficci.com 

4. Federation Of Indian Export Organizations (FIEO)
PHD House, (3rd Floor),
Opp. Asian Games Village
New Delhi - 110016.
Tele : +91-11-26851310 /12/14/15
Fax : +91-11-26863087 /26967859
E-mail : fieo@nda.vsnl.net.in 
Website : www.fieo.com 

EXPORT PROMOTION COUNCILS, COMMODITY BOARDS, TRADE DEVELOPMENT AUTHORITIES & INDUSTRY ASSSOCIATIONS.
EXPORT PROMOTION COUNCILS

1. BASIC CHEMICALS, PHARMACEUTICALS AND COSMETICS EXPORT PROMOTION COUNCIL
Jhansi Castle,
4th floor, 7-Cooperage Road,
Mumbai-400 039
Tel. : (91)22-22021288/22021330/22825861/22020911/22821254
Fax : (91)22-22026684
Website: http://www.chemexcil.gov.in
E-mail : chemexcil@vsnl.com

2. CASHEW EXPORT PROMOTION COUNCIL
Post Box No.1709,
Chittor Road,
Ernakulam South.,
Cochin-682 016
Tel. : (91)484-2376459
Fax : (91)484-2377973
Website : www.cashewindia.org
E-mail : cashew@vsnl.com 

3. CHEMICALS AND ALLIED PRODUCTS EXPORT PROMOTION COUNCIL

World Trade Centre,
14/IB, Ezra Street, 2nd Floor,
Kolkata-700 001.
Tel. : (91)33-22358217, 22215652
Fax : (91)33-22215657
Website: http://www.capexil.com
E-mail : capexilh@cal_vsnl.net.in

4. COUNCIL FOR LEATHER EXPORTS PROMOTION COUNCIL
3rd floor, CMDA Tower-2
Gandhi Irwin Bridge Road, Egmore,
Chennai-600 008
Tel. : (91)44-28594367-71(5 lines)
Fax : (91)44-28594363/64
E-Mail : cle@vsnl.com
Website : http://www.leatherindia.org 

5. ELECTRONIC & COMPUTER SOFTWARE COUNCIL
PHD House, 3rd Floor,
Opp. Asiad Village, Hauz Khas,
New Delhi - 110016
Tel. : (91)11- 26965103 26964463
Fax : (91)11 26853412
E-Mail : esc@vsnl.com
Website : www.escindia.com 

6. ENGINEERING EXPORT PROMOTION COUNCIL
World Trade Centre,
(3rd Floor), 14/IB, Ezra Street,
Kolkata-700 001.
Tel. : (91)33-22350442/3/4
Fax : (91)33-22215658
WebSite: http://www.eepc.gov.in
E-Mail : eepc-ho@eth.net

7. EXPORT PROMOTION COUNCIL FOR EOUS & SEZ UNITS
705, Bhikaji Cama Bhawan
Bhikaji Cama Place
New Delhi - 110066.
Tele : 91-11-26166185/26165805 /26166953
Fax : 91-11-26165538
E-amil : epces@vsnl.net
Website : www.eouindia.com 

8. GEM AND JEWELLERY EXPORT PROMOTION COUNCIL
Diamond Bazar, 5th floor, 391-A,
Dr.D.Bhadkamkar Marg,
Mumbai-400 004
Tel. : (91)22-23821801/1806/23806916
Fax : (91)22-23808752/23804958
Website: www.gjepc.org
Email: gjepc@vsnl.com
Exhibition Cell: gjepc@bol.net.in

9. OVERSEAS CONSTRUCTION COUNCIL OF INDIA
H-118, Himalaya House,
11th Floor, 23, Kasturba Gandhi Marg,
New Delhi- 01.
Tel. : (91)11-23722425, 23350367 /23738377
Fax : (91)11-23312936
Website : www.projectsexports.com
E-mail : info@projectexports.com 

10. PLASTICS EXPORT PROMOTION COUNCIL
Crystal Tower, Ground Floor,
Gundowli Road No 3, Off Sir M. V. Road,
Andheri (E), Mumbai 400 069
Phone : +91-22-226833951/52
Fax : +91-22-26833953
E-mail : plexconcil@vsnl.com
Website : www.plexcon.org 

11. SHELLAC EXPORT PROMOTION COUNCIL
"Vanijya Bhawan",
International Trade Facilitation Centre,
1/1, Wood Street, 2nd Floor,
Kolkata - 700016.
Tel. : (91)33-22834417/981131268
Fax : (91) 33-22834699
Website : www.shellacepc.com
E-mail : sepc@vsnl.net 

12. SPORTS GOODS EXPORT PROMOTION COUNCIL
1-E/6, Swami Ram Tirth Nagar,
Jhandewalan Extn. New Delhi-100 055
Tel. : (91)11-23525695/23516183
Fax : (91)11-23632147
Website : www.sportsgoodindia.org
Email:sgepc@vsnl.com 

Export Promotion Councils Under Ministry Of Textiles

13. APPAREL EXPORT PROMOTION COUNCIL
NBCC Towers,15 Bhikaji Cama Place, New Delhi - 110 066.
Tel. : (91) 11-26108552/26183351/ 26169356/57/93/94
Fax : (91) 11-26188300/26188584
Website : http://www.aepcindia.com
E-mail : hoadepd@nda.vsnl.net.in 

14. CARPET EXPORT PROMOTION COUNCIL
110-A/1, Krishna Nagar, (Behind Govt. Sr. Sec. School), Street No. 5,
Safdarjung Enclave, New Delhi 110029.
Tel. : (91) 11-26102742/26101024
Fax : (91) 11-26165299
Website: http://www.indiancarpets.com
E-mail : cepc@nda.vsnl.net.in 

15. COTTON TEXTILE EXPORT PROMOTION COUNCIL
Engineering Centre, 5th Floor, Mumbai - 400 004.
Tel. : (91) 22-23632910/11/12/13
Fax : (91) 22-23932914
Website : http://www.texprocil.com
E-mail : exprocil@bom3.vsnl.net.in

16. EXPORT PROMOTION COUNCIL FOR HANDICRAFTS
EPCH House, Pocket 6 & 7, Sector-C, LSC,
Vasant Kunj, New Delhi - 110 070.
Tel. : (91) 11-26135256/57/58
Fax : (91) 11-26135518/19
Website : www.epch.com
E-Mail : delhi@epch.com

17. HANDLOOM EXPORT PROMOTION COUNCIL
18, Cathedral Garden Road, Nunagambakkam, Chennai 600 034.
Tel. : (91) 44-28276043/28278879
Fax : (91) 44-28271761
Website: www.hometextilesonline.com
E-mail : hepccatp@vsnl.com

18. THE INDIAN SILK EXPORT PROMOTION COUNCIL
62, Mittal Chambers, 6th Floor, Nariman Point, Mumbai - 400 021.
Tel. : (91) 22-22025866,22027662, 22049413,
Fax : (91) 22-22874606
E-mail : jsrh@ub.delhi.nic.in 

19. POWERLOOM DEVELOPMENT & EXPORT PROMOTION COUNCIL (PDEXCIL)
16, 1st Floor, Mittal Chambers
Nariman Point, Mumbai - 400021.
Tele : +91-22-22846518 /22846519
Fax : +91-22-22846517
Website : http://www.pdexcil.org
E-mail : pdexcil.pdepc@gems.vsnl.net.in 

20. SYNTHETIC & RAYON TEXTILE EXPORT PROMOTION COUNCIL
Resham Bhavan, 78, Veer Nariman Point Road, Mumbai - 400 020.
Tel. : (91) 22-22048797/22048690
Fax : (91) 22-22048358, 22810091
Website: http://www.synthetictextiles.org
E-mail : srtepc@vsnl.com 

21. WOOL & WOOLENS EXPORT PROMOTION COUNCIL
612/714, Ashoka Estate Building, 24, Barakhamba Road,
New Delhi - 110 001.
Tel. : (91) 11-23315512/23315205
Fax : (91) 11-23314626
Website : www.wwepc.org 
E-mail : wwepc@nda.vsnl.net.in

22. WOOL INDUSTRY EXPORT PROMOTION ORGANIZATION
Church Gate Chambers, 7th Floor,
5 New Marine Lines Mumbai - 400020.
Tele : (91)22-22624372
Fax : (91)22-22624675

COMMODITY BOARDS

1. COFFEE BOARD
1, Dr.Ambedkar Veedhi,
Bangalore-560 001
Tel : (91) 80-22266991/92/93/94
Fax : (91) 80-22255557
Website : www.indiacoffee.org 
E-mail : secy@coffee.kar.nic.in ; dirfin@coffee.kar.nic.in 

2. COIR BOARD
Coir House,
MG Road, Ernakulam
Cochin - 682016, Kerala
Tele : +91-484- 22351807 /1788/1954/4397
Fax : +91-484-22370034
E-mail : coir@md2.vsnl.net.in
Website : www.coir-india.com 

3. CENTRAL SILK BOARD
CSB Complex, Hosur Road,
BTM Layout, Madiwala
Bangalore - 560068
Tele : (91)80-26688831, 26680841
Fax : (91)80-26681511, 26680387

4. RUBBER BOARD
Sub-Jail Road,
P.B.No.1122, Kottayam,
Kerela 686 002
Tel : (91) 481-2571231,2571232,2571235,2571236,2571361
Fax : (91) 481-2571380
Homepage http://www.rubberboard.org.in 
E-mail info@rubberboard.org.in 

5. SPICES BOARD
Sugandha Bhavan, N.H. Cochin By-Pass, P.B.No.2277, Palarivattom.P.O., Cochin-682025
Tel : (91) 484-2333610 to 2333616 ( 7 Lines ) /2347965
Fax : (91) 484-2331429/2334429
Website : www.indianspices.com
E-mail : mail@indianspices.com 

6. TEA BOARD
14, BTM Sarani, Brabourne Road,
P.B.No.2172, Kolkata-700 001
Tel. : (91)33-22351411 (8 lines)
Fax : (91)33-22215715
Website : www.tea.nic.in 
E-mail : teadevex@cal.vsnl.net.in ; t.board@gems.vsn.net.in ; aninditaray@hotmail.com

7. TOBACCO BOARD
Address P.B.No.322, G.T.Road, Guntur-522 004
Tel : (91) 863-2358399
Fax : (91) 863-2354232
Website : www.indiantobacco.com
E-mail : info@indiantobacco.com 

OTHER EXPORT DEVELOPMENT AUTHORITIES / AGENCIES

1. Agricultural and processed Food Products Export Development Authority
3rd Floor, NCUI Building, 3 Siri Institutional Area,
August Kranti Marg, New Delhi -110016.
Tele : (91)11- 26513204, 26514572, 26534186
Fax : (91)11-26534870
Web Site : http://www.apeda.com
Email : headq@apeda.com 

2. Coconut Development Board
Kera Bhavan, Kochi-682 011
Telephone : 91-484-2376265/2377266/2377267
Fax : 91-484-2377902
E-mail :- enk_cdrkochi@sancharnet.in
Website : http://www.coconutboard.nic.in     

3. Jute Manufactures Development Council (JMDC)
3A Park Plaza, 71 Park Street,
Calcutta 700 016
Telephone:91-33-2245 8107/ 2226 3438/ 2226 3825
Fax : 91-33-2245 7456
E-mail :- jmdc@giascl01.vsnl.net.in
Website : http://www.jmdcindia.com/ 

4. Indian Institute of Packaging
E-2, MIDC Area,
Post Box No. 9432, Chakala,
Andheri (East), Mumbai-400093
Telephone : (91)22-28219803, (91)22-28219469
Fax : (91)22-28375302
Web Site : www.iip-in.com
E-mail : iip@bom4.vsnl.net.in 

5. Marine Products Export Development Authority
P.B.No. 4272,
MPEDA House, Panampilly Avenue,
Cochin -682036.
Tele : (91)484-2310828/2311979, 2312036
Fax : (91)484-2313361.
Web Site : www.mpeda.com
E-mail : mpeda@mpeda.nic.in 

INDUSTRY ASSOCIATIONS

1. AUTOMOTIVE COMPONENT MANUFACTUERS ASSOCIATION OF INDIA (ACMA)
6th Floor, The Capital Court,
Olof Palme Marg, Munrika, New Delhi-110067
Tel. : +91-11-26160315, 26175873, 26184479
Fax : +91-11-26160317
E-mail : acma@vsnl.com
Wensite : www.acmainfo.com 

2. FEDERATION OF ASSOCAITION OF SMALL INDUSTRIES IN INDIA
Laghudhyog Kuttee
23-B/2, Rohtak Road, New Delhi - 110008

3. THE GROUNDNUT EXTRACTIONS EXPORT DEVELOPMENT ASSOCIATION
Tanna House
11 (A), Nathalai D. Parikh Marg
Mumbai - 400039.

4. INDIAN ELECTRICAL & ELECTRONICS MANUFACTURERS' ASSOCIATION
501, Kakad Chambers, 132,
Dr. Annie Besant Road, Worli, Mumbai - 400018
Tel: +91-22-2493 0532 / 6528 / 6529,
Fax: +91-22-2493 2705
E-mail : mumbai@ieema.org
Website : www.ieema.org 

5. INDIAN OIL & PRODUCE EXPORTERS' ASSOCIATION
78-79 Bajaj Bhawan
Backbay Reclamation
Nariman Point
Mumbai - 400021.
Tel: (91)22-22029295
Fax: (91)22-22029236

6. INDIAN MACHINE TOOL MANUFACTURERS ASSOCIATION
Plot 249 F, Phase IV, Udyog Vihar, Sector 18
Gurgaon 122 015, Haryana
Phone : +91-124-5014101/02/03/04
Fax : +91-124-5014108
Email : imtma@del2.vsnl.net.in  & imtmahq@vsnl.in
Website : http://www.imtma.org 

7. INDIA WOOLLEN MILLS FEDERATION IN INDIA
G-4, Advent Building, Ferozshah Road,
Mumbai - 400001.

8. THE SOLVENT EXTRACTERS' ASSOCIATION OF INDIA
Tanna House
Annexe - 11 (A), Nathalai D. Parikh Marg
Mumbai - 400039

9. TEXTILE MACHINERY MANUFACTURERS' ASSOCIATION (INDIA)
53 Mittal Chambers
Nariman Point, Mumbai - 400021.
Website : www.tmmaindia.org 

Export Import Bank of India (EXIM)
Post Bag 16100, Centre 1
21st Floor, World Trade Centre
Cuffe Parade, Mumbai - 400005.
Tele : +91-22-22181727,
Fax : +91-22-22188077
Website : www.eximbankindia.com
E-mail : eximcord@vsnl.com 

Regional Office : Statesman House,
Ground Floor, 148, Barakhamba Road,
New Delhi - 110001.

Export Credit Guarantee Corporation OF INDIA LIMITED (ECGC)
Cambatta Building, 2nd Floor,
42, Maharishi Karve Marg,
Churchgate, Mumbai - 400020.
Tele : +91-22-22837462/22044519
Fax : +91-22-22829968
Email : marketing@ecgcindia.com
Website : www.ecgcindia.com 

Regional Office : NBCC Place,
South Tower, 4th Floor, Bhishmpitamah Marg
Pragati Vihar, New Delhi -110003.