Exporters will get
credit at cheaper rates and their long pending issue will be resolved
expeditiously by the present government, Commerce Minister Piyush Goyal told a
joint meeting of Board of Trade and Council of Trade Development and Promotion.
X ray Scanners will be installed at all major ports to ensure quick clearance
by the Customs
for Track & Trace in Pharma sector will be implemented in three months, a
new scheme to rebate state and central taxes and levies will be rolled out
in 3 months and will be implemented in a phased manner for all sectors,
the Minister added.
Mr.Goyal, Chaired a
joint Meeting of Board of Trade and Council of Trade Development &
Promotion on June sixth and held a day long interaction with the industry and
Agriculture Ministers of the States, industrialists, Export Promotion Councils,
and representatives of the economic and infrastructure Ministries of the
Central Government for boosting exports and domestic manufacturing and reducing
Govt depts no longer to work in isolation to achieve govt’s goal
media at the end of the meeting, Piyush Goyal said
that Ministries/departments can no longer work in isolation for effective
outcome of government policy. The Commerce and Industry Minister further said
that action on many of the decisions arrived at the meeting will be taken in
next 45 days. He also announced that the next follow up meeting would be held
in 45 days.
During deliberations exporters discussed global
During the day-long deliberations, Exporters spoke about
trade disputes between US and China, ongoing negotiations under Regional
Comprehensive Economic Partnership, difficulties in availability of export
credit. Specific action points for the implementation of new Agricultural
Export Policy, reducing logistics costs, improving ease of doing business in
all States, increasing domestic manufacturing and reducing imports were
States urged to finalize export strategies
States were urged to finalize their
export strategies at the earliest keeping in view their state specific
requirements and advantages. Commerce and Industry Minister exhorted the State
Governments to adopt GeM, a one stop online procurement portal for better
transparency and efficiency. State Government agreed to take steps in
strengthening the entrepreneurship and start up ecosystem.
Decisions taken in the meeting
A number of decisions were taken during the
meeting which include: Investigations on imports under the anti-dumping
mechanism will be expedited, particularly products of the MSMEs with the help
of industry associations, Steps to boost exports of organic produce, and ways
to rationalize the mandi fees across states would be examined, the top 50
tariff lines, which constitute 60 per cent of India’s import to be examined in
detail for possible ways to reduce import dependence, ECGC would fast track the
disposal of claims and put in public domain the pending claims for the benefit
of the industry
with State Export Commissioners to be held on pre-announced fixed dates
to discuss issues related to export infrastructure and state specific export
strategies. Government would work with the States to develop product specific
clusters for 50 sectors with high manufacturing potential.
leverage the railways real estate and use less utilized railway
stations, the Ministry of Commerce will explore the possibility of setting
up warehouses. The concept of deemed approval for establishments, which
currently require annual renewal of licenses will be explored in consultation
DPIIT/DOC will evaluate State Governments on a ranking
framework on support provided to industry for manufacturing, exports and
logistics support. DPIIT will encourage States to
leverage public procurement by implementing Make in India in Public Procurement
DPIIT with industry association to organize National Investor
will work with Industry (including apex industry association like CII, FICCI,
ASSOCHAM and PHDCCI) for organizing a National investor promotion event in next
6 to 9 months. The Development of clusters for specific sectors especially for
job creating industries will be pursued with States and Industry.
will create a portal which will host the FPOs all over the country and link
them to exporters.
in his opening remarks the Commerce Minister recalled the vision of Dr Shyama
Prasad Mukherjee, first Minister of Industry of independent India, who laid
solid foundation of India’s industrialization through the Industrial Policy
Resolution of 1948.
Industry should move away from mindset of govt subsidy
highlighted that this time, meeting with Industry has been combined with the
meeting with States in order to have holistic discussion in the true spirit of
cooperative and competitive federalism. He emphasized that
Industry should move away from the mindset of government support and subsidy
because there are larger issues which need to be addressed at a structural level.
He urged the
industry to focus on the root cause of the problem and increase our
competitiveness in terms of quality and efficiency. He assured the industry
that wherever there are genuine difficulties like increased cost of credit,
easy availability of liquidity etc, will be resolved expeditiously.
Govt’s achievements in exports
highlighted the achievements of the government in terms of exports crossing
half trillion mark for the first time with goods exports at all time high
of 331 billion US Dollars, “Ease of
doing business” rank improving to 77 and logistics rank improving to 44th.
Procurement of more than Rs 25,000 crore have been undertaken by Governments
resulting in huge savings.
Hardeep Singh Puri,
Minister of State (Independent Charge) Housing and Urban Affairs and Civil
Aviation and Minister of State, Commerce & Industry and Som Parkash,
Minister of State for Commerce and industry also participated in the
Amitabh Kant, CEO
NITI Ayog, Ramesh Abhishek, Secretary, Department for Promotion of Industry and
Internal Trade and AnupWadhawan, Commerce Secretary were also present during