Capexil to set up warehouses overseas

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Capexil (formerly Chemicals and Allied Products Export Promotion Council) has chalked out a series of innovative strategies to reach its target export figure of $ 9.4 billion by 2008-09.

The council is conducting studies for setting up warehouses at international destinations for effective trade, informed A M S G Ashokan, chairman, Capexil.

The council is considering Houston and New Jersey as probable locations for the warehouse likely to come up within next three to four years, depending upon the members of the council, he added.

The expense is likely to be shared by the government of India and the council members.The council has also initiated discussion with the Airport Authority of India for setting up information 'kiosk' centre at the international airports of the country.

"We have just initiated discussion for possibility of setting up 'kiosk' centre at the international airports and expect it to be very effective as it has been in several South Asian countries. The plan is though in a very nascent stage," he added.

Along with usual export promotional as trade fairs, Capexil is concentrating on the north east.

The council has opened its office in Shillong this month which will be operational from early March is the only office among all other export promotional council in the country, informed Sanjeev Nandwani, executive director, Capexil.

Capexil has planned to organise a series of buyers sellers meet in four international destinations, namely Africa, Asean, CIS and Latin America, he added.

The council shall be organising a buyer-seller meet in Kenya, Mauritius and South Africa(SA) and then will be participating in a book exhibition in Namibia, Kenya and SA soon.

The council has already taken prudential measure to clean the financial crisis they were into during 2001-03, informed Nandwani.

"Presently we are in a convenient financial situation and get better within the next three to four months," he added.

The council is also conducting market studies under the 'market access initiative'; scheme of the government, informed Nandwani.

Apart from its core activities, the council has decided to strengthen its education wing that conducts short duration course in areas related to trade issues.

The council is also set to take a team of its ex-students to Bangladesh next months for providing them with international exposure.

The council has exported around $4.6 billion and shall be conveniently reaching its target of $ 5.4 billion for 2004-05, assured Nandwani.