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December 18, 2023, vizologi

Getting Help: Where to Find Market Development Assistance

Embarking on a business venture can be both exciting and challenging. One key challenge many entrepreneurs face is expanding their market reach. Luckily, there are resources available to assist with market development. From government programs to non-profit organizations, various avenues exist for valuable assistance.

This article will discuss where to find market development assistance and how it can benefit your business. Let’s dive in and explore the options available for entrepreneurs looking to take their business to the next level.

What is Market Development Assistance?

Market Development Assistance, or MDA, is a government program to support exporting companies in expanding into international markets. This assistance is available to companies with an f.o.b. value of exports up to Rs. 15.00 crore in the preceding year. The MDA program offers financial support for various activities, such as participation in trade delegations, buyer-seller meets, trade fairs, and exhibitions, both domestically and internationally.

For instance, under the MDA program, foreign delegates, buyers, and journalists visiting India from focus area regions can receive assistance with their return air travel expenses in economy class. However, this support is contingent on well-planned participation and the potential of the incoming delegate or buyer being screened by the concerned Export Promotion Council (EPC) and territorial division.

Market Development Assistance is a valuable resource for companies looking to explore new markets and expand their global footprint, providing much-needed financial support to facilitate their international business initiatives. For further details on the eligibility criteria and guidelines for accessing MDA in focus and non-focus areas, companies can refer to the Department of Commerce’s website.

Title: Understanding Market Development Assistance for Exporters

Finding Help in Government Programs

“Government Programs to Assist Exporting Companies”

Exporting companies with an f.o.b. value of exports up to Rs. 15.00 crore in the preceding year may qualify for Market Development Assistance (MDA). This assistance covers a range of activities, such as participation in trade fairs, exhibitions, and buyer-seller meets. For instance, MDA can support the travel expenses of foreign delegates, buyers, and journalists visiting India from focus area regions to attend such events.

To apply for MDA assistance, exporting companies can access the guidelines on the Department of Commerce’s website. Additionally, non-focus areas and focus areas have their separate guidelines, and companies can find detailed information through this resource.

By utilizing MDA, exporting companies can gain exposure to international markets and establish connections with potential partners. This governmental support contributes to boosting the global presence of these companies and facilitates their market development efforts.

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