Suresh Prabhu interacts with textile trade & export bodies

Source: https://www.fibre2fashion.com

The Union minister of commerce & industry and civil aviation Suresh Prabhu recently interacted with the trade associations and export promotion organsations across India regarding the launch of Outreach Programme. As many as 92 trade bodies from across the country participated in the video conference, discussing the innovative and pro-industry initiative.

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has welcomed the Outreach Programme launched by the minister recently.

“This innovative initiative of the government will be helpful for the stakeholders from all corners of India to participate and directly convey their concerns to the ministry. It will also be helpful to establish a dialogue between the government and the industry,” SRTEPC chairman Narain Aggarwal stated.

During the interaction, the minister mentioned that the GST issues are taken up with the ministry of finance which is likely to come up with positive announcements for the exporters. “The government is giving special focus on the MSEMs by ways of introducing various encouraging schemes including the recent 100 Days Outreach Programme and introduction of up to Rs 1 crore loan within 59 minutes. The government is positive to consider export credit in the category of priority sector lending. Another initiative taken by the government is to improve the logistics of the country for facilitating greater trade.

The initiatives taken by the government such as Make in India, Ease of Investment, Government -e – Marketing (GeM), establishment of two mega convention centres, setting up of standards, start dialogue with EU for concluding India – EU FTA, working with WTO, research inputs from IIFT & IIM, etc. were also highlighted by the Minister. He informed about the improvement made by India to 77th position in the Ease of Doing Business ranking.

The Minister informed that exports have been growing for the last three years. He said start-up India is the largest programme in the world for new business ventures and the Government is making all efforts to remove unnecessary hurdles.



Categories: Asia, Business, India, Textile

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