Prabhu invites state governments, industry nominees to discuss ways to boost exports

The Centre, state governments and industry representatives will meet on 8 January to discuss ways to boost the country’s exports, […]

   

The Centre, state governments and industry representatives will meet on 8 January to discuss ways to boost the country’s exports, a commerce ministry official said on Monday. The third meeting of the Council for Trade Development and Promotion will be chaired by commerce and industry minister Suresh Prabhu. The council was constituted to promote India’s overseas shipments. In its previous meeting in January last year, issues deliberated upon included improving export competitiveness and creating an environment conducive for promoting exports. They had also discussed about quality and standards of products. The council acts as a platform to develop partnership with states with an aim to boost international trade. The members of the council are trade/commerce ministers of states and union territories, besides 14 secretaries of the central government including commerce, revenue, shipping, civil aviation, agriculture, food processing and economic affairs, among others. The council also provides a platform to state governments and union territories for articulating their perspective on trade policy to help them develop and pursue export strategies in line with national foreign trade policy. Federation of Indian Export Organisations (FIEO) president Ganesh Kumar Gupta said that they would raise the issues of GST refund and enhancing export-related infrastructure in states. “Small and medium exporters are facing several issues related to goods and services tax (GST), that needs to be resolved. We would also seek greater support to improve infrastructure to increase competitiveness of our products in global markets,” Gupta said. Another exporter Sharad Kumar Saraf, chairman, Technocraft India, too stated that more support needs to be extended to boost outbound shipments. On 5 December last year, the government extended incentives to sectors such as leather and agriculture with an aim to boost outward shipments that were disrupted by implementation of GST. Reversing the decline seen in October last year, the country’s total merchandise exports grew 30.55 per cent to USD 26.19 billion in November 2017. Cumulatively, the exports during April-November 2017-18 increased 12.01 per cent to USD 196.48 billion.

Trending

Harishankar-Bahety

Too much tax, shortage of skilled talent are Indian footwear industry’s biggest challenges: Unistar founder HS Bahety

zomato uber eats swiggy

Zomato acquires Uber Eats for Rs 2,485 crores

MSMEs

GeM has processed orders worth ₹ 40,000 cr in GMV in last 3 years, 50% transacted by MSMEs

Day-after-Piyush Goyal snub-Jeff-Bezos

Day after Piyush Goyal snub, Amazon commits to create one million new jobs in India by 2025

Amazon's-$1-bn-investment-in-India-no-big-favour--Minister-of-Commerce-&-Industry

Amazon’s $1 bn investment in India no big favour: Piyush Goyal, Commerce & Industry Minister

Jeff Bezos India visit

Amazon CEO, Jeff Bezos bets on Indian century, invests $1 bn digitizing MSMEs

MSME loans

Piyush Goyal: CGTMSE, SIDBI to set up framework for faster processing of SME loans

GST

Nirmala Sitharaman: GST to be further simplified for traders

UK Sinha committee

Government invites stakeholder’s suggestion on National Technology Mission for MSMEs

Delhi-NCR-the-largest-start-up-ecosystem-in-India,-surpasses-Bangalore

Delhi-NCR the largest start-up ecosystem in India, surpasses Bangalore

Premium Organic Soaps- Contribution to the Community

Anant-Nahata

Public charging infrastructure will be key to electric vehicle success in India: Anant Nahata, MD, Exicom