Kamal Nath & FM convene interactive meeting of exporters

22 Dec '06

3 min read

The first ever pre-Budget and pre-Foreign Trade Policy joint interactive meeting of exporters convened by the Shri Kamal Nath, Commerce and Industry Minister, with Shri P.Chidambaram, Union Finance Minister, was held here this morning with the exporters urging the government to ensure continuance of the Duty Entitlement Passbook Scheme (DEPB) and the Textile Upgradation Fund Scheme (TUFS), besides removal or rationalisation of levies that erode the global competitiveness of Indian exports.

The interactive session was attended by Commerce Secretary Shri G.K.Pillai, Secretary (Industrial Policy and Promotion) Dr. Ajay Dua, and Revenue Secretary Shri K.M.Chandrashekhar, along with the Director General of Foreign Trade (DGFT) Shri B.S.Meena and chairpersons of all Export Promotion Councils, as well as the Federation of Indian Export Organisations (FIEO) and Commodity Board including Tea Board and Coir Board.

Both the ministers complimented exporters for their stellar performance which, Shri Chidambaram said, was a major factor in India's economic growth story.

“I recognise the validity and merit of the exporters' suggestions. These will be examined and appropriate decisions will be taken”, Shri Chidambaram said, adding that his responsibility as Finance Minister was to balance the interests of exporters, the industry and of revenue."

"Shri Kamal Nath also underlined the need to balance exporters' requirements with the interests of the domestic industry to facilitate the growth of both the sectors."

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