Dear Members,
Greetings from CHEMEXCIL!
We are glad to inform you that Chemexcil is organizing a Buyer Seller Meet (BSMs) in Kenya and Ethiopia under the MAI scheme of the Dept. of Commerce and Industry.
This buyer-seller meet will be supported by respective Indian Embassies, Missions in these Countries.
During this event, Indian Chemical exporters can interact and strengthen their relationships with the buyers in Kenya & Ethiopia.
The Ministry of Commerce & Industry has already approved this event under Market Access Initiative for 25-Indian Companies.
The Panel Wise Exports of items coming under the purview of the council to Kenya & Ethiopia for the year 2022-23 in USD Million are as under,
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|
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in USD Million
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|
PANEL
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2022-23
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|
Kenya
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Ethiopia
|
|
(32) Dyes & (29) Dye Intermediates
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14.29
|
3.04
|
|
(32) Dyes
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13.47
|
2.93
|
|
(29) Dye Intermediates
|
0.82
|
0.11
|
|
(28) Inorganic, (29) Organic & (38) Agro chemicals
|
76.56
|
28.15
|
|
(28) Inorganic chemicals
|
28.28
|
8.73
|
|
(29) Organic chemicals
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20.53
|
2.14
|
|
(38) Agro chemicals
|
27.74
|
17.29
|
|
(33) Cosmetics, (34) Soaps, Toiletries and (33) Essential oils
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24.28
|
3.93
|
|
(33) Cosmetics, (34) Toiletries
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22.16
|
3.20
|
|
(33) Essential oils
|
2.12
|
0.74
|
|
(15) Castor Oil
|
3.31
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0.00
|
|
TOTAL
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118.44
|
35.13
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Source: DGCI&S
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The proposed Buyer Seller meeting schedule and charges are as under
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Sr. No.
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Particular
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Date
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Day
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Subsidized Participation Charges (INR)
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Non-Subsidized Participation Charges (INR)
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1
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Buyer Seller Meet, Nairobi, Kenya
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19th March,2024
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Tuesday
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1,00,000/-
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1,40,000/-
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|
2
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Buyer Seller Meet, Addis Ababa Ethiopia
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21st March,2024
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Thursday
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Note:
1. It is mandatory to participate in Both (Two) Buyer Seller Meets in order to avail MAI benefit.
2. Dates of the event are currently under discussion with the Indian Missions.
3. Participation charges mentioned are subsidized rates & are non-refundable.
4. Translator Services (if required): This service will be provided on a chargeable basis.
Venue: Venue for BSM would be communicated as soon as council finishes negotiations.
Participation Guidelines:
A. MAI GRANT
a) The event is proposed to be covered under the Market Access Initiative (MAI) scheme of the Ministry of Commerce & Industry, Govt. of India for the year 2023-2024.
b) Company with export turnover “NIL” is not entitled to get any MAI grant.
c) MAI grant in terms of Airfare will be available only to eligible 25 no. of exhibitors on a first come (Payment) first served (Allocation) basis.
d) As per the MAI guidelines of the Ministry, a company which has participated THRICE in a particular Fair/Show will not be eligible for any reimbursement of MAI grant.
e) Companies which have participated in three events through CHEMEXCIL in the same financial year (2023-2024) under MAI scheme will not be eligible for MAI grants.
f) Currently the approval for this event under the MAI scheme of DOC is under process
g) Eligible members will get the subsidized charges
h) Charges mentioned for participation in this event are the subsidized rates hence no refund will be initiated by council during or after the event.
B. AIR FARE GRANT
a) Those who would like to participate in this Exhibition are eligible to get reimbursement of travel expenses by air. (Actual or maximum of up to Rs.1,50,000/- whichever is less)
b) As per the updated guidelines, it is mandatory for the companies to have minimum annual export turnover of INR 50 lacs in the preceding financial year to avail reimbursement of airfare.)
c) Companies having NIL export turnover will also be eligible for 50 % airfare reimbursement subject to minimum turnover (domestic sales) of INR 50 Lacs in the preceding financial year. (Allowed only to 10% of total number of participants i.e 2 company for this event)
d) Reimbursement of air-fare (is only eligible for economy class) to the exporting companies (Exhibiting Company) with an F.O.B. value of exports below Rs. 50 crores in the preceding financial year.
e) Members should have completed 12 months of Membership of council.
f) Regularly filing Export returns with the council
g) Air fare will be permissible only to the regular Director / Partner/Proprietor or a regular officer of the company on senior managerial position.
h) Air fare Claim forms duly filled in and complete in all respects must be submitted to the council within 45 days of return to India.
C. GENERAL
a) A company having DEL STATUS (as per DGFT) is not eligible for participation under MAI scheme.
b) Once the event is over, participants must submit the outcome report. Format will be provided by Chemexcil on site or on email
c) Chemexcil will issue a visa recommendation letter as soon as you complete and submit the payment details. Please send us the scan copy of the passport photograph of the person along with his designation in the attached Excel form who is attending this event. It is mandatory to submit the scan copy of the passport photo.
d) In case of inadequate participation, the council will not participate and organize the exhibition. It is requested to consult with the Council before booking your air tickets and hotel accommodation at destination countries.
e) The Airfare Reimbursement will be done after finalization of Accounts in Ministry & Subject to receipt of funds from the Govt. of India.
f) The Event is being organized on a best-efforts basis. However, all the exhibitors/participants are expected to use their commercial jurisprudence while negotiating prices, payment terms, and delivery terms. CHEMEXCIL cannot guarantee the market credibility and/or financial stability of any buyer attending these meetings.
g) In every country, the Council does not guarantee a specific number of meetings.
h) The Council does not guarantee any food or other hospitality arrangements during or after the event.
i) Members can contact & invite their buyers in those countries for the BSM.
j) Company profile and Participation fees must reach in 7-days’ time. Please send your company profile, Application form in attached format to robengaluru@chemexcil.in, jenny@chemexcil.in in word format to print the catalogue of CHEMEXCIL participants
D. CANCELLATION
a. No refund in case of
a) Any cancellation from Participating Company
b) If payment is processed to respective vendors by council
c) If the venue changes at the last moment by the organizer
Full Refund will be initiated if the council withdraws / Cancels the event because of some reasons
E. TERMS OF PAYMENT: - Full Payment in Advance
F. MODE OF PAYMENT: - By Bank transfer at below bank
1. Name of Account: - CHEMEXCIL SBI A/C. NO. 10996680758
2. Account No: - 10996680758
3. Type of Account: - Current
4. Name and address of Bank: - STATE BANK OF INDIA, MUMBAI MAIN BRANCH
5. IFSC CODE:- SBIN0000300
Since we have limited space, participation will be on a first come (Payment) first served (Allocation) basis.
For confirming your Interest and more information please contact Mr. Vicky Moolchandani, Regional Officer, CHEMEXCIL robengaluru@chemexcil.in & Ms. Jenny Lawrence- Senior Executive Officer jenny@chemexcil.in on +91-8147650530 or +91-7738364255.
We hope that this event will provide an opportunity for fruitful interaction and attractive business deals for our exporting community.
Thanking you and awaiting your kind communication.
Yours faithfully,
Raghuveer Kini
Director General
CHEMEXCIL
Encl: -1. MAI APPLICATION FORM
2.REVISED FORMAT OF PARTICIPANTS APPLICATION FORM
3. COMPANY PROFILE - KENYA/ETHIOPIA
