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CII recommands better trade infrastructure to boost exports

Apr '07
The Confederation of Indian Industry (CII) has identified three focus-areas to boost exports from India to the world in a survey conducted by the industry chamber, prior to the announcement of Foreign Trade Policy 2007-08, The three focus areas include :
• Urgent need for better trade infrastructure in India
• Further ease in procedures for exports and imports
• Proactively engage in trade agreements with other countries to expand geographically and increase market share in the global markets.

The survey covered a broad spectrum of Indian companies in manufacturing and service sectors involved in international trade including big corporates, SMEs and smaller enterprises. Sectors like textiles, engineering, food products, IT, gems and jewellery, leather, bio-technology are covered.

The most important barrier identified by exporters for penetrating in global markets is the difficulty in obtaining visas for traveling for business development. Indian exporters require greater openings for business-visas, the survey suggested. Exporters have also sought reduction of processing time and further simplification of procedures for getting visas in large markets.

Upgrade Trade Infrastructure : Most exporters are concerned about the high transportation costs, which dent their competitiveness in the international markets. According to a WTO study, maritime transport cost for India would decrease by over 15 percent if port efficiency in India were at the level of France or Sweden.

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