CAPINDIA 2019 opened new vista for the global sourcing fraternity

Views from the participants of the B2B meetingSpecial B2B Meeting

Session Schedule

Procedure and compliance for

exporters

A Big Thank You for one and all for making CAPINDIA 2019 a remarkable

one

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Mumbai: The CAPINDIA 2019 on it second day a high volte of business meetings and serious buyers and sellers were busy meeting and showing their products and services to the Indian and foreign buyers. Although the figures of business volume as not clear upto now, we can expect a humongous amount of business to be closed in the next few days.Buyers from across the globe particularly from Russia, Kyrgyz Republic, Tajikistan, and the African continent were present in large numbers alongwith the neighbouring countries like Nepal, Bangladesh and Sri Lanka to explore business opportunities with India.

The Primary reason for the increased interest is the improving reputation of India in the International trade circle, India is seen as more reliable and trustworthy partner in doing business besides being cost effective.The other highlights of the event were the seminar sessions which were going housefull particularly the most interesting topic was about how Blockchain can revolutionise International trade and its opportunities for Indian exporters. The Speaker Mr. Sudhakar Kasture who is the director of Helpline Impex Pvt. Ltd. Explained in simple terms what is Blockchain “It is a continuously growing list of records, which are combined in “blocks” that

are then “chained” to each other using cryptography – hence the term “blockchain”. Transactions are shared, verified and validated on a peer-to-peer basis, blockchain can operate without the need for a central authority or trusted intermediaries. Information, once added to a blockchain, is time-stamped and cannot easily be modified.Thus being an encrypted digital record, its content cannot be deleted and even if it is changed it can be seen in audit trail. This feature / innovation can reduce the time in processing such as verifying of documents for its authenticity and reliability in the documentation process, Customs clearance, Geodata, Logistics, and this in turn translates

into shorter turnover time. Being in digital format it brings in transparency and is being adopted worldwide.”The Next Seminar on Neutraceuticals research and market was presented by Dr. Lal Hingorani MD of Pharmanza Herbals Pvt. Ltd.He explained the emerging demand for Nutraceuticals which are products derived from food sources that are purported to provide extra health benefits, in addition to the basic nutritional value found in foods. The products may claim to prevent chronic diseases, improve health, delay the aging process, increase life expectancy, or support the structure or function of the body.

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26 -27- 28 March 2019- NESCO, Hall No. 1Buyer Registration No. B4001 – B4100 Meeting Schedule28 March 2019, 10:30 - 13:30pm

Mr. Ajaya Singh Karki from Nepal from Prasid Group of Companies said “We are in the business of paged drinking water and I have come here source blow plast machines caps as we are increasing in size, as well as plastic bottles and caps. I am happy that I have met suppliers for the same however I wish there were more number of suppliers in this segment. I prefer to do business with India because of the aftersales service and support from India rather than China. India has good technicians and so we are increasing our focus to India.

Ms. Gulnaz Co-founder of Abil Logistics, from Kyrgyz Republic said “we sell fresh fruits and vegetables in our country and are looking to import fresh fruits like Orange, Mango, Banana etc. we have found some partners who are ready to work with us and supply us on regular basis. We are also looking to buy packaging material for the fresh fruits and vegetables in large quantities. My visit has been very fruitful and am looking forward to doing business with India. I appreciate the efforts of CAPIndia in establishing the buyer seller meet.

Mr. Malabaev Sultanali from Kirgyz Republic, said “This is my first visit to India and I am thankful to CAPIndia for inviting us to this exhibition, I am looking to procure stationery in bulk and even considering to take up a distributorship for my country. I have met many suppliers about 8 to 9 companies and shortlisted a few like ‘Flair’ whose quality of stationery and price is very good. I have been selling their products since quite some time. We are in talks with their export advisors and hopefully we will form some kind of business relationship. We are also optimistic on other companies like Cello as well. We are also interested in taking printing services as well like calendars table and wall calendars, and other printed material.

Mr. P K Velu from Singapore from Sri Ambikas PTE LTD. aid that my company is into cosmetics, soaps and detergents, we are already importing Mysore Sandal soap and looking to expand our products range to cosmetics and detergents and more number of soaps. We are here to find more sellers and suppliers for cosmetics and recommend that next year there should be more of them.

Mr. Hashiya Verma who was present in the Buyer Seller meet was an assistant manager in C S Flavours and fragrances which is a 55 year old company dealing in raw material used in Soaps, Shampoos, body perfumes detergents and also food like bakery products confectionery etc. it is owned by the Sutarias. He said “I am an exhibitor here and having stall X134 here. We have met many buyers here and are quite satisfied with the response. We have got a good exposure with both Indian and International buyers.

Mr. Nikunj Shah Managing director for JagmohanPla-Mach Pvt. Ltd had Stall no. P44. Inte exhibition. He said “We are blow moulding machines manufacturers and our target segment is people who want to setup a factory to manufacture plastic bottles using the blow moulding technique.We have got a reasonable response and have seen footfall from both local as well as overseas buyers.”

The customs procedure for Import and Export is complex. There are several rules and regulations applicable. The exporter and importer are required to have good working knowledge of the Indian Customs Act, and the Customs Tariff Act.The procedure also changes sometimes product to product. The objective of the importer /exporter is to ensure that the transaction goes smoothly. For this purpose, sound knowledge of the theory is essential. You should have a working knowledge of the practice which is followed in different ports by the officers. One has to update with the latest notification and circulars related to import and export.International customs practice makes it essential for administrations to provide simple, predictable and efficient Customs procedures for the clearance of goods. One has to ensure compliance with national laws, international agreements and meeting security challenges. The implication of GST is also to be studied.

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Team CAPINDIA 2019Stall participants

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A Big Thank You Partners

Nutraceutical – A term used to describe medicinally or nutritionally functional foodsSEMINAR HELD DURING CAPINDIA2019

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Visit us at stall X164Mr. Sudhakar Kasture addressing the audience on the topic blockchain.

Dr. Lal Hingorani on the subject Nutraceutical – A term used to describe medicinally or nutritionally functional foods.

Over the past few years, an increasing number of dietary supplements have become available in supermarkets and health food shops and they are also available for purchase in pharmacies.

The term “nutraceutical” is used to describe these medicinally or nutritionally functional foods. Nutraceuticals, which have also been called medical foods, designer foods, phytochemicals, functional foods and nutritional supplements, include such everyday products as “bio” yoghurts and fortified breakfast cereals, as well as vitamins, herbal remedies and even genetically modified foods and supplements. Many different terms and definitions are used in different countries, which can result in confusion.

The term “nutraceutical” was coined in 1989 by Stephen De Felice, founder and chairman of the Foundation for Innovation in Medicine, an American organization which encourages medical health research. He defined a nutraceutical as a “food, or parts of a food, that provide medical or health benefits, including the prevention and treatment of disease”.In Canada, a functional food has been defined as being “similar in appearance to conventional foods consumed as part of a usual diet” whereas a nutraceutical is “a product produced from foods but sold in pills, powders, (potions) and other medicinal forms not generally associated with food”.In Britain, the Ministry of

Agriculture, Fisheries and Food has developed a definition of a functional food as “a food that has a component incorporated into it to give it a specific medical or physiological benefit, other than purely nutritional benefit”.Hence, both in Canada and in Britain, a functional food is essentially a food, but a nutraceutical is an isolated or concentrated form. In America, “medical foods” and “dietary supplements” are regulatory terms however “nutraceuticals”, “ f u n c t i o n a l foods”, and other such terms are d e t e r m i n e d by consultants and marketers,

based on consumer trends.Many of these new products that are being promoted to treat various disease states, find their origins in the plant kingdom. This is an obvious choice as many plants produce secondary compounds such as alkaloids to protect themselves from infection and these constituents may be useful in the treatment of human infection. There is also a long history of plant use in many cultures which can be used to identify plants with activity in the treatment of disease.

Mr. Mihir Ajit Shah addressing the gathering on the recent changes in the policies, procedures and compliances for exporters.