Interviews
Exports earnings may boost states' revenues
14 Apr '08
4 min read
Mr G K Pillai, Commerce Secretary, Ministry of Commerce and Industry, commended Indian industry for consistently performing well in the exports and being able to find out solutions to problems in 'local way'.
The annual supplement this year, he said has a vision for a long-term and sustainable growth of India's exports. He noted that working with other ministries is necessary to make them aware of the benefits of exports and have an 'outward looking' approach.
He added that the state governments should be persuaded and educated about the importance of exports in the path of development.
Exports earnings would boost states' revenues and hence states should avoid disincentivising exports with high taxes and duties. He suggested CII to work together with the government to this end.
Mr Pillai assured that government is working to make export procedures simple and a 'single-window' clearance of export documents. He announced that in order to fully utilise e-trade facilities, EDI interconnectivity of trade related agencies would be operational by September 2008.
This would enable exporters to operate from anywhere in the country with a single account. He also announced that the Joint Task Force (JTF) would be functional in next 30 days, and that the JTF would represent all stakeholders like industry, government both at the central and state level.
He urged the exporting community to utilise the accreditation certification under the ACP certification programme, which would reduce delays as the shipments arriving at the port have not to go through verification process at the port.
Mr Sunil Bharti Mittal, President CII said that CII is committed to working with the Ministry of Commerce and Industry and said the foreign trade policy takes into account the concerns of exporters including inflation, rupee appreciation and global recession.
Mr Sanjay Budhia, Chairman CII Trade Committee said that the focus on reduction of transaction costs was of great interest to industry and said exporters looked forward to a long term policy measure for remaining competitive.
The annual supplement this year, he said has a vision for a long-term and sustainable growth of India's exports. He noted that working with other ministries is necessary to make them aware of the benefits of exports and have an 'outward looking' approach.
He added that the state governments should be persuaded and educated about the importance of exports in the path of development.
Exports earnings would boost states' revenues and hence states should avoid disincentivising exports with high taxes and duties. He suggested CII to work together with the government to this end.
Mr Pillai assured that government is working to make export procedures simple and a 'single-window' clearance of export documents. He announced that in order to fully utilise e-trade facilities, EDI interconnectivity of trade related agencies would be operational by September 2008.
This would enable exporters to operate from anywhere in the country with a single account. He also announced that the Joint Task Force (JTF) would be functional in next 30 days, and that the JTF would represent all stakeholders like industry, government both at the central and state level.
He urged the exporting community to utilise the accreditation certification under the ACP certification programme, which would reduce delays as the shipments arriving at the port have not to go through verification process at the port.
Mr Sunil Bharti Mittal, President CII said that CII is committed to working with the Ministry of Commerce and Industry and said the foreign trade policy takes into account the concerns of exporters including inflation, rupee appreciation and global recession.
Mr Sanjay Budhia, Chairman CII Trade Committee said that the focus on reduction of transaction costs was of great interest to industry and said exporters looked forward to a long term policy measure for remaining competitive.
Confederation of Indian Industry
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