06/06/2019 | Press release | Distributed by Public on 06/06/2019 11:14
The Union Minister of Commerce and Industry & Railways, PiyushGoyal, chaired a joint Meeting of Board of Trade and Council of Trade Development & Promotion today and held a day long interaction with the industry and Agriculture Ministers of the States, industrialists, Export Promotion Councils, and representatives of the economic and infrastructure Ministries of the Central Government for boosting exports and domestic manufacturing and reducing trade deficit.
Briefing media at the end of the meeting, PiyushGoyalsaid that Ministries/departments can no longer work in isolation for effective outcome of government policy. The Commerce and Industry Minister further said that action on many of the decisions arrived at today's meeting will be taken in next 45 days. He also announced that the next follow up meeting would be held in 45 days. He said, easier availability of credit at cheaper rates to exporters will be resolved expeditiously and customs clearances will be made quicker by installing X Ray scanners at all major Ports. Robust mechanism for Track & Trace in Pharma sector will be implemented in three months, a new scheme to rebate state and central taxes and levies will be rolled out in 3 months and will be implemented in a phased manner for all sectors, the Minister added.
During the day-long deliberations, exporters spoke about trade disputes between US and China, ongoing negotiations under Regional Comprehensive Economic Partnership, difficulties in availability of export credit. Specific action points for the implementation of new Agricultural Export Policy, reducing logistics costs, improving ease of doing business in all States, increasing domestic manufacturing and reducing imports were identified. States were urged to finalise their export strategies at the earliest keeping in view their state specific requirements and advantages. Commerce and Industry Minister exhorted the State Governments to adopt GeM, a one stop online procurement portal for better transparency and efficiency. State Government agreed to take steps in strengthening the entrepreneurship and start up ecosystem.
A number of decisions were taken during the meeting which include:
Earlier in his opening remarksthe Commerce & Industry Minister recalled the vision of Dr Shyama Prasad Mukherjee, first Minister of Industry of independent India, who laid solid foundation of India's industrialisation through the Industrial Policy Resolution of 1948. He highlighted that this time, meeting with Industry has been combined with the meeting with States in order to have holistic discussion in the true spirit of cooperative and competitive federalism. He emphasised that Industry should move away from the mindset of government support and subsidy because there are larger issues which need to be addressed at a structural level . He urged the industry to focus on the root cause of the problem and increase our competitiveness in terms of quality and efficiency. He assured the industry that wherever there are genuine difficulties like increased cost of credit, easy availability of liquidity etc, will be resolved expeditiously. He highlighted the achievements of the government in terms of exports crossing half trillion mark for the first time with goods exports at all time high of USD 331 billion, 'Ease of doing business' rank improving to 77 and logistics rank improving to 44th. Procurement of more than Rs 25,000 crorehave been undertaken by Governments resulting in huge savings.
Hardeep Singh Puri, Minister of State (Independent Charge) Housing and Urban Affairs and Civil Aviation and Minister of State, Commerce & Industry and SomParkash, Minister of State for Commerce & industry also participated in the deliberations. Amitabh Kant, CEO NITI Ayog, Ramesh Abhishek, Secretary, Department for Promotion of Industry and Internal Trade and AnupWadhawan, Commerce Secretary were also present during the conference.