Ludhiana, July 13, 2014: Federation of Indian Export Organisations (FIEO) organised a one day workshop on the Currency Risk Managementat Ludhiana. The workshop was supported by Almus Risk Consulting Group (ARS) from Mumbai.
S C Ralhan, Regional Chairman FIEO (North) in his inaugural address apprised the participants about the importance of such valuable workshop particularly for those in export business because of the wide fluctuations witnessed in the past. He stressed the need to keep pace with current trends in currency markets so as to avoid any losses in the business on account of fluctuations. Shri Ralhan suggested that in order to mitigate the risks of forex fluctuations exporters are required to build in proper risk management systems in their own processes to manage the rupee movement to the best of their advantage. He mentioned that FIEO is actively taking the responsibility of organizing various workshops and seminars on the international trade issues so as to empower the entrepreneurs with the right knowledge to meet the global challenges. He also invited suggestions from the participants on the workshops of relevant subjects which they would like FIEO to organise.
Mahesh Khanna, GM, DIC appreciated FIEO for organizing the workshop giving technical and practical aspects of currency risk management. He informed that every year due to high fluctuations in currency markets especially in year 2008 exporters face losses and laid emphasis on the importance of the workshop. He mentioned that FIEO should organize similar programmes for the benefit of the industry and also assured all his support.
Detailed presentations were given by Maulik R Shah and V Bijoor from Almus Risk Consulting with practical examples. Some of the topics that were covered during the session included Overview of Forex Market, Recent development and government notifications/circulars, Hedging Strategy and instruments, risk management policy etc.
Large number of exporters attended the workshop and found it very useful.