High standard products imp to access discerning mkts: Kher

Image
Press Trust of India New Delhi
Last Updated : May 21 2015 | 2:22 PM IST
The government today asked the industry to manufacture and fix high standard for accessing discerning markets and enhance competitiveness of goods.
Commerce Secretary Rajeev Kher also said that fixing high standards and technical regulations would help in restricting imports of sub-standard goods.
"A new architecture of global trade is evolving and it is important for us to elevate ourselves in terms of standards and technical regulations for goods and services. Standards play a very significant role in enhancing competitiveness in the global market," Kher said here at a CII function.
"It will help you (Indian industry) to access markets, which are highly discerning," he said adding if the industry would not subscribe to good standards both for domestic and international markets it would be difficult for them to tap new markets.
The issue is important as both the domestic and global markets are becoming quality conscious. Declining product competitiveness is one of the reason for dip in the country's merchandise exports.
Kher said that significant amount of work is required as setting up of high standard norms are "no more a luxury but it is a necessity".
Listing out challenges on the matter, he said there is a need to create an institution for adoption of standards.
"One of the challenge is to get the last stakeholder understand the importance of standards and technical regulations," Kher said adding "we need to work harder on few sectors" because it would be difficult to focus on all the segments.
"In new free trade agreements, we are trying to re-orient them to see how we can pickup those product areas and work towards technical ecosystem," he added.
Speaking at the event, Quality Council of India (QCI) chairman Adil Zainulbhai said quality and standards of products will not only help in increasing exports but also improving quality of life of people.
Consumer Affairs Secretary Keshav Desiraju too emphasised on the need to enhance quality of goods and services.
*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: May 21 2015 | 2:22 PM IST

Next Story