Centre, states, industry to discuss export situation on Jan 8

Image
Press Trust of India New Delhi
Last Updated : Jan 01 2018 | 3:00 PM IST
The Centre, state governments and industry representatives will meet on January 8 to discuss ways to boost the country's exports, a commerce ministry official said.
The third meeting of the 'Council for Trade Development and Promotion' will be chaired by Commerce and Industry Minister Suresh Prabhu.
The council was constituted to promote India's overseas shipments.
In its previous meeting in January last year, issues deliberated upon included improving export competitiveness and creating an environment conducive for promoting exports. They had also discussed about quality and standards of products.
The council acts as a platform to develop partnership with states with an aim to boost international trade.
The members of the council are trade/commerce ministers of states and Union Territories, besides 14 secretaries of the central government including commerce, revenue, shipping, civil aviation, agriculture, food processing and economic affairs, among others.
The council also provides a platform to state governments and UTs for articulating their perspective on trade policy to help them develop and pursue export strategies in line with national foreign trade policy.
Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said they would raise the issues of GST refund and enhancing export-related infrastructure in states.
"Small and medium exporters are facing several issues related to Goods and Services Tax (GST), that needs to be resolved. We would also seek greater support to improve infrastructure to increase competitiveness of our products in global markets," Gupta said.
Another exporter Sharad Kumar Saraf, Chairman, Technocraft India, too stated that more support needs to be extended to boost outbound shipments.
On December 5 last year, the government extended incentives to sectors such as leather and agriculture with an aim to boost outward shipments that were disrupted by implementation of GST.
Reversing the decline seen in October last year, the country's total merchandise exports grew 30.55 per cent to USD 26.19 billion in November 2017.
Cumulatively, the exports during April-November 2017-18 increased 12.01 per cent to USD 196.48 billion.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 01 2018 | 3:00 PM IST

Next Story