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Prabhu to take stock of states’ export strategies

Date 22-Dec-2017
Subject Prabhu to take stock of states’ export strategies

Prabhu to take stock of states’ export strategies

Commerce and industry minister Suresh Prabhu will meet principal secretaries of states on Friday to take stock of states' export strategies and progress of a scheme launched in March designed to finance infrastructure creation to boost exports. 

Issues related to inclusion of logistics and services are also likely to be taken up in the half-daylong deliberations. 

While most states have identified their champion products and some new products with a high export potential, they are now required to improve their export logistics and infrastructure to give a push to identified products. 

"With logistics coming under the purview of the department, we need to see how states can incorporate this in their export strategies," said an official in the know. 

Promoting value addition in exports and organic farming too are on the agenda for discussion, which comes at a time when exports rose a sharp 30% in November. 

The minister is also likely to do a status check on the projects implemented under the Trade Infrastructure for Export Scheme (TIES). 

Implemented from April 1, TIES provides assistance for setting up and upgradation of infrastructure projects with export linkages such as border haats, land Customs stations, quality testing and certification labs, cold chains, trade promotion centres, dry ports, export warehousing and packaging, special economic zones, ports and airports. 

"We also plan to discuss states' initiatives for standards and certification, and how they can best use geographical indicators to promote exports," the official added. 

Recently, the government doled out incentives worth `8,450 crore to boost exports and employment in labour-intensive sectors hit hard by the goods and services tax (GST) roll out. 

Incentives under the Merchandise Export from India Scheme were raised from 2% to 4% for leather, textiles, agriculture products and carpets as part of the mid-term review of the Foreign Trade Policy. 

The official added that states will also share policy action and a strategy to promote services exports. 

Source:- Economictimes.indiatimes.com

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