FIEO collaborates with Cogoport for high performance technology in cargo management
April 23, 2018: Federation of Indian Export Organisation (FIEO) and digital logistic company Cogoport have entered into an agreement to collaborate, cooperate and interact for the deployment of high performance technology to offer fundamental cargo management service to enable members for their mutual benefit to foster a collaborative framework operating in logistics space. The MoU was signed by Ajay Sahai, DG & CEO, FIEO along with Khalid Khan, chairman, FIEO, western region and Purnendu Shekhar, founder and CEO of Cogoport.
As per the MoU, both parties will provide each other with information related to trade, technology transfer and economic cooperation. FIEO will partner with Cogoport to educate the exporter fraternity across the country and empower them through technology to help exporters save time and money.
Cogoport will offer FIEO members free and complete access of the online technology application for one year with demo up to two members per associated company. Further, the company will offer support on training for all the associated members of FIEO features concerning - instant rates, vessel schedules, container tracking, MIS, document wallet, analytics around current and historical shipments, RFQ management, convenient payment, dashboard feature and also revisions whenever made. Any new chargeable features will remain free of cost for one year of the contract of MoU for all the members.
Further, Cogoport will offer free KYC and credit profiling along with credit extension as per the report and will be shared with the associated members if requested. Cogoport will also enable USD payments for all FIEO members for their Ocean Freight. The advantage for the exporters as recommended by Cogoport would be that exporters using the application will be able to reduce 4-5 percent slippage in ocean freight due to foreign exchange conversions.
The event was addressed by Commerce & Industries minister Suresh Prabhu; CK Chaudhary, Union Minister for State; Rita Teotia, Commerce Secretary; Saurabh Desai, Industries Minister and dignitaries and FIEO members.