Dear Sir/Madam,
Greetings from CHEMEXCIL!
We are glad to inform you that Chemexcil is organizing a Buyer Seller Meet (BSMs) in Argentina and Chile under the MAI scheme of the Dept. of Commerce and Industry.
This buyer-seller meet will be supported by respective Indian Embassies in these Countries.
During this event, Indian Chemical exporters can interact and strengthen their relationships with the buyers in Argentina & Chile.
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 Argentina and Chile 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 (Provisional)
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Argentina
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Chile
|
|
(32) Dyes & (29) Dye Intermediates
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17.33
|
3.27
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(32) Dyes
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17.33
|
3.27
|
|
(29) Dye Intermediates
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0.00
|
0.00
|
|
(28) Inorganic, (29) Organic & (38) Agro chemicals
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182.16
|
22.38
|
|
(28) Inorganic chemicals
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7.98
|
5.29
|
|
(29) Organic chemicals
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36.72
|
10.42
|
|
(38) Agro chemicals
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137.45
|
6.67
|
|
(33) Cosmetics, (34) Soaps, Toiletries and (33) Essential oils
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10.58
|
1.83
|
|
(33) Cosmetics, (34) Toiletries
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10.44
|
1.73
|
|
(33) Essential oils
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0.13
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0.10
|
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(15) Castor Oil
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1.51
|
0.30
|
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TOTAL
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211.58
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27.78
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Source: DGCI&S
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The proposed Buyer Seller meeting schedule is 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, Buenos Aires, Argentina
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7th August-2023
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Monday
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1,20,000/-
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1,50,000/-
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|
2
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Buyer Seller Meet, Santiago, Chile
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10th August-2023
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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. The translator fee will be confirmed before the month, and payments can be made on the spot to the service provider directly.
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. MAI grant in terms of Participation Charges & Air fare Charges will be available only to eligible 25 no. of exhibitors on first come (Payment) first served (Allocation) basis.
c. 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.
d. 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, also companies having NIL export turnover have to make the full payment, i.e. Non Subsidized Participation Charges i.e. Rs. 1,50,000/- for Both (Two) BSM’s.
e. 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 join this BSMs are eligible to get reimbursement of travel expenses by air. (Actual or maximum of up to Rs.1,25, 000/- whichever is less)
b. Reimbursement of air-fare (is only eligible for econ
omy class) to the exporting companies (Exhibiting Company) with an F.O.B. value of exports below Rs. 50 crore in the preceding financial year.
c. Companies having export turnover “NIL” are not entitled to get Reimbursement of air-fare.
d. Members should have completed 12 months of Membership of council.
e. Regularly filing Export returns with the council
f. Air fare will be permissible only to the regular Director / Partner/Proprietor or a regular officer of the company on senior managerial position.
g. 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 short participation, the council will not participate and organize the BSM hence before booking air tickets and hotel accommodation do consult with the Council.
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 1 & 2 form in attached format to rd.ahd@chemexcil.in, roahmedabad@chemexcil.in & pw@chemexcil.in in word format to print the catalogue of CHEMEXCIL participants
D. BSM 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
b. 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. Sunmeetsingh Brar, Regional Director, CHEMEXCIL on rd.ahd@chemexcil.in & roahemdabad@chemexcil.in M-+91 9909909982 or Mr. Prafulla Walhe, Deputy Director on pw@chemexcil.in +91-9930979737 and Ms. Jenny Lawrence-Section Officer jenny@chemexcil.in on +91-7738364255/9969016108,
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,
Prafulla Walhe
Deputy Director
CHEMEXCIL
Encl:- 1. MAI Application Form
2. Revised Format of Participants Application Form
3. Company Profile
