Global data centre for AP exporters

The Andhra Pradesh Trade Promotion Corporation Limited (APTPC) has set up a global trade data processing centre and a guidance cell to help local entrepreneurs tap export markets.

While the data centre tracks all the relevant information an exporter needs to know about the product of his or her choice, the guidance cell will help entrepreneurs understand the procedures mandated for an exporter.

"We will be using TradeSift, an advanced software tool licensed from the University of Sussex, UK, to mine and generate data relevant to an exporter. The software tool accesses the information compiled by international agencies like United Nations Statistics Division, Commodity Trade besides several other global aggravators of information on trade and tariffs," said M Sadhu Sundar, vice chairman and managing director of APTPC.

The initiative is aimed at creating a knowledge-base and a platform to encourage exports from the state. The centre would also create a database of overseas firms interested in doing business with local entrepreneurs, he said.