The Commerce Minister Suresh Prabhu held a Stakeholders’ Consultation with
leading Exporters, Export Promotion Councils, Associations and Local Chambers
with a view to give a fillip to the export sector. The Minister for Textiles
Smriti Zubin Irani, and the Minister of State for Commerce C R Chaudhary, the
Commerce Secretary, the Secretary, Department of Industrial Policy &
Promotion and the DGFT also participated in the discussions. The consultation
was jointly organized by the Ministry of Commerce and the FIEO.
Representatives from CII, FICCI, ASSOCHAM, MPEDA, Spices Board, Carpet EPC,
Council of Leather Exports, EEPC, EPC for EOUs & SEZs, Indian Oilseeds and
Produce EPC, CHEMEXCIL, CAPEXCIL, Tobacco Board, Shellac EPC, EPC for
Handicraft, Plastic EPC, Cotton and Textiles EPC, Silk EPC, Pharmaceutical EPC,
Electronics and Computer Software EPC, Project EPC, Sports Goods EPC, Powerloom
Development EPC, Federation of Indian Micro and Small & Medium Enterprises,
Panipat Exporters Association, Tirupur Exporters Association and many other
leading exporters participated in the discussions and raised sector specific
The representatives were appreciative of the initiative of the Commerce
Ministry to hold such a consultation.
The Commerce Minister asked Export Promotion Councils and industry
associations to prepare a vision statement for their product group. He also
stressed on the importance of export led growth and assured stakeholders of
working together to boost exports and the need to enhance competencies and the
need to tap into the global value chain, which would provide fillip to the
country’s efforts to enhance exports.
The deliberations flagged global and domestic challenges faced by
exporters. Many options and suggestions were proposed to overcome such
challenges. GST related issues regarding working capital blockage, delay in
refunds and usability of MEIS/SEIS scrips were raised by exporters.
In the context of mid-term review of the Foreign Trade Policy, exporters
requested inclusion of more products under MEIS and Interest Equalisation
Scheme and increase in the rates of incentive and interest subvention rates.
The meeting also provided inputs for a new export strategy focusing on
integrating India into the Regional/Global Value Chain, focus on high and
medium technology sectors of exports, revisiting the focus area approach and
unleashing the potential of services such as tourism, professional services and