Modi for impetus to exports, promotion councils for States

NEW DELHI : The States will soon be allowed to form their own Export Promotion Councils, Prime Minister Narendra Modi said as he underscored the need for the Centre and states to work in tandem to give a fresh thrust to exports.

He also stressed upon the need for swift removal of obstacles stalling the Special Economic Zones (SEZs).

"We at the Centre have to team up with the state governments for export promotion and the states should also work hard individually to help drive exports," Modi said.

Modi said the Centre had recently convened a meeting with states to identify the bottlenecks in exports and states would be given the right to set up their own Export Promotion Councils to drive foreign trade at the local level, hinting that they should not depend solely on the Central Government interventions.

At present, the Ministry of Commerce and Industry at the Centre plays the role of a facilitator for pushing exports.

The states, Modi said, should also compete with each other in enhancing exports and focus on development of markets abroad, he said.

Voicing concern at a large number of stalled SEZ projects across the country, the Prime Minister said a high-level team has been constituted to review the problems and resolve them at the earliest.

"In the PMO, there is a special team to look into why SEZs are not finding takers and to suggest solutions for the benefit of the entire country," he said.

Source : dailyshippingtimes.com