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Exporters have to deal with only one bank, CII Meeting
23 Jan '08
3 min read
Mr Pillai underlined the government's commitment to make electronic commerce a reality soon. He said, "Electronic Data Interface (EDI) will be operational by the end of this year. The entire export process will be electronic. Exporters will have to deal with only one bank."
In the background of changing global economic environment, Mr Pillai called for proper training of officials from trade, revenue and finance services to make them appreciate the needs of exporters.
He assured that the Commerce Ministry will take up the issue with the Finance Ministry. Mr Pillai expressed concern at rising crude prices and import bill and asked for more exports for a better balance of payment situation.
Speaking at the meeting, Mr Rakesh Shrivastava, Joint Secretary, Ports, Ministry of Shipping, Road Transport & Highways, Government, said: "The ministry is planning a corpus of Rs 500 crore to provide assistance to state maritime boards for dredging and rail-road related activities." He also informed the gathering that the Model Concession Agreement has been approved by the government.
Mr Shrivastava said, "We are encouraging non-major ports to collaborate with major ports. We are also taking the infrastructure development of non-major ports seriously." He also underlined the government's commitment to cut turnaround time to make Indian ports globally competitive. A DGFT panel is studying how to bring down transaction cost, he added.
Earlier, speaking at the meeting, R S Gujral, Director General of Foreign Trade, said: "Trade should be hassle-free. DGFT should be a fecilitator not regulator."
Making welcome remarks, Mr Sanjay Budhia, Chairman, CII Trade Committee & managing Director, Patton International Limited, said, Exports have been under pressure this year due to rising rupee.
Foreign policy needs to focus on building overall competitiveness of Indian industry that is involved in exports so that it can withstand the pressure, which it faces in the coming years.
In the background of changing global economic environment, Mr Pillai called for proper training of officials from trade, revenue and finance services to make them appreciate the needs of exporters.
He assured that the Commerce Ministry will take up the issue with the Finance Ministry. Mr Pillai expressed concern at rising crude prices and import bill and asked for more exports for a better balance of payment situation.
Speaking at the meeting, Mr Rakesh Shrivastava, Joint Secretary, Ports, Ministry of Shipping, Road Transport & Highways, Government, said: "The ministry is planning a corpus of Rs 500 crore to provide assistance to state maritime boards for dredging and rail-road related activities." He also informed the gathering that the Model Concession Agreement has been approved by the government.
Mr Shrivastava said, "We are encouraging non-major ports to collaborate with major ports. We are also taking the infrastructure development of non-major ports seriously." He also underlined the government's commitment to cut turnaround time to make Indian ports globally competitive. A DGFT panel is studying how to bring down transaction cost, he added.
Earlier, speaking at the meeting, R S Gujral, Director General of Foreign Trade, said: "Trade should be hassle-free. DGFT should be a fecilitator not regulator."
Making welcome remarks, Mr Sanjay Budhia, Chairman, CII Trade Committee & managing Director, Patton International Limited, said, Exports have been under pressure this year due to rising rupee.
Foreign policy needs to focus on building overall competitiveness of Indian industry that is involved in exports so that it can withstand the pressure, which it faces in the coming years.
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