Service Export From India

India’s Services exports set a new record of USD 254.4 Billion in the financial year 2021-2022. The new record achieved in 2021-22 beats the previous high of USD 213.2 Billion in 2019-20. Also, Services exports hit an all-time monthly high of USD 26.9 Billion in March 2022.
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    Service Export Promotion Council (SEPC)

    Service Export Promotion Council (SEPC) is the apex trade body facilitating the Indian service exporters and actively participates in the formulation of the Government policies, thereby serving as a single communication platform between the service industry and the Government. Being a recognized export promotion council, it has a strong membership base of more than 3000 professionals and manages corporate entities from the 14 service sectors under its purview. SEPC is an interface between the Indian entities and the rest of the world, being the center point for both the domestic and the foreign organizations that are looking for opportunities in India under Mode-1, Mode-2, Mode-3, and Mode-4 of services trade. It also assists foreign delegates who are in search of better quality services at competitive rates in comparison to other countries, these people can directly contact SEPC for details of service providers in India.

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    Growth and Decline of Indian

    The term Export generally refers to Exports of Goods but that reference is a passé now. Export of Services is the emerging trend as it widens the scope of exports, bringing in the diversification and increasing India’s Foreign Exchange Earnings. The Indian Economy has witnessed a major boost in the last decade in the services sector.

    Service Sectors under SEPC

    Following are the service sectors under the purview of SEPC:

    Accounting/Auditing and Book-Keeping Services
    Advertising Services
    Architectural Services
    • Advisory and pre-design architectural services,
    • Architectural design services,
    • Contract administration services,
    • Combined architectural design and contract administration services,
    • Other architectural services:- It Includes the services which require the expertise of architects, such as the preparation of as-built drawings, development of promotional materials and presentations, regular site representation during the construction phase, etc.
    Consultancy Services
    Printing and Publishing Services
    Distribution Services
    • Franchising
    • Commission agent’s services
    • Retailing services
    • Wholesale trade services
    • Others.
    Educational Services
    • Primary, Secondary, Higher, Adult/Professional and Other educational services.
    Entertainment Services

    These services include following services such as:

    • Theatre, live bands and circus services
    • Motion pictures and videotape productions and Distribution services,
    • Motion picture production services,
    • Radio and Television service including its transmission,
    • Sound recording.
    Environmental Services
    • Sewage services,
    • Refuse disposal services,
    • Sanitation and similar services,
    • Others.
    Healthcare Services
    • Hospital services,
    • Services by Nurses, Physiotherapists and Paramedical Personnel,
    • Other human health services.
    Legal Services
    Hotel & Tourism Services
    • Hotels & Restaurants including Catering,
    • Travel agencies and tour operators,
    • Tourist guide services,
    • Recreational sports like Golf, etc.
    Management Services/Marketing Research and Public Opinion Polling Services
    Maritime Transport Services
    • Passenger transportation,
    • Freight transportation,
    • Rental of vessels with crew,
    • Maintenance and repair of vessels,
    • Pushing and towing services,
    • Supporting services for maritime transport.
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    SEPC Member Advantage

    The Council since its inception in 2006 has been instrumental in facilitating exports of services through the following services:

    1.Trade Intelligence: Trade Information, Market Analysis, Business Contacts, Business Opportunities and Market Access Conditions

    2.Export Development: Export Readiness, Training and Counselling, Strategy Formulation and Development, Value Chain Optimization

    3.Export Promotion: : Exhibitions, Buyer Seller Meet, Business Delegations to overseas markets, Brand Campaign for India’s Services Sector

    4.Enabling Business Environment: Policy inputs to Ministries, Facilitating Cross Border Trade, Policy Advocacy, Facilitating implementation of various export promotion schemes.

    Benefit of SEPC Membership
    1. Services Export Promotion Council helps Indian service exporters in finding new markets to export their services.
    2. It guides and assists on how to avail the benefits of various Government Export Promotion Schemes and policies.
    3. It facilitates participation in seminars/exhibitions/trade fairs/buyer-seller meets, both at the national and international level.
    4. It provides a comprehensive database of Indian service providers in different sectors which helps the overseas buyers to locate the required service providers at the ease of a click.
    5. It issues Registration Cum Membership Certificates (RCMC) to the Indian service providers to avail the benefits of various Export Promotion Schemes such as SEIS, EPCG, MDA, MAI, etc, as provided under new FTP 2015-20.
    6. Ministry of Commerce & Industry takes care of the scheme known as Market Development Assistance (MDA) Scheme, which promotes Indian exports including service exports. Service exporters those who are members of SEPC are eligible for financial assistance under MDA scheme, to participate in overseas ‘Buyer-Seller Meet’ or in any other international conference to showcase their service capabilities worldwide.
    Procedure and Fees to become an SEPC Member
    1. To become a member of Service Export Promotion Council, the following documents are required and may be submitted at the SEPC office:

      i. Application Form- To be downloaded from the Official website.

      ii. A self-certified copy of Importer-Exporter Code (IEC) and the certificate issued by the licensing authority i.e. Directorate General of Foreign Trade (DGFT).

      iii. Self-certified copy of the (PAN) Permanent Account Number.

      iv. The fees that are to be paid should be in any form other than cash. If the same is paid through RTGS/NEFT, then a reference number of the transaction needs to be quoted while accepting the ‘Terms & Conditions’ mentioned in the form.