Business Standard
Sunday, May 27, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

DGFT to put all incentive schemes of exporters online
BS Reporter / Kolkata/ Bhubaneswar Sep 12, 2009, 00:29 IST

In a bid to reduce the transaction and procedural cost of the exporters, the Directorate General of Foreign Trade (DGFT) plans to put all the incentive schemes meant for exporters on line in next 2-3 months.

For the purpose, DGFT is currently implementing Electronic Data Interchange (EDI) project which aims at setting up of a centralised computer system. The equipments required for EDI connectivity has already been put in place.

While trial is going on in 3 ports at present, this will be expanded to 13 ports of the country by December, said R S Gujral, Director General of Foreign Trade, Union ministry of commerce.

Participating in an interactive meeting on foreign trade policy 2009-14 organised by the Federation of Indian Export Organisations (FIEO) in Bhubaneswar, Gujral said, DGFT wants to develop a Centralised Computer System for convenience of the exporters.

Since the ports are not connected with each other, the exporters are facing a lot of inconvenience. The EDI connectivity will be expanded to all the ports in the country in future, he added.

He said, the export policy of the country has come at a difficult time. However, despite the slowdown sectors like petro and plastic downstream products have been able to attain higher growth.

Referring to Orissa, the Director General said, exports from Orissa has mainly consisted of primary goods and minerals. So it should move up in the value chain. Instead of focussing on export of iron ore, the efforts should be made to export manufacturing items and stainless steel products from the state.

Ramesh Kumar Agarwal, chairman, FIEO (eastern region) said, the DGFT should increase the outlay under the Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) scheme to cover infrastructure funding costs in Orissa. This will help to bring down the transaction costs for the exporters.

He urged the government to watch the situation on exports, exchange and employment front till the third quarter of 2010, before arriving at any conclusion on the issue of boosting the exports from small and medium enterprises (SME) sector.

Niranjan Mohanty, president, Utkal Chamber of Commerce and Industry (UCCI), said, the scope of the zero percent interest scheme should be expanded to SMEs and a ‘focus state’ scheme to boost exports from the state should be introduced. Similarly, hassle free movement of goods meant for exports should be ensured for boosting exports from Orissa, he added.

 

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
Tags : DGFT | EDI
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- India to guarantee safe gas transit from Tapi
- Pak players likely to be part of IPL 2013
- Air India pilots wanted a halt to command training of IA pilots
- EGoM to now decide on base price for spectrum auction
- New power equation in BJP
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us