Commerce Minister Nirmala Sitharaman after a meeting with export promotion councils (EPCs) in New Delhi on Tuesday said that the government will work with various departments including environment, textiles and finance to simplifying procedures towards improving the ease of doing business in the country and boost exports.
Many of the issues which are enablers to better exports have been identified, issues which may have a bearing on the forthcoming budget were also raised, she said.
At the meeting with EPCs held as part of stakeholder consultations to discuss ways to boost exports, which have been in continuous decline for over a year, several export related issues, including the impact of India-Asean free trade agreement (FTA) on the country’s exports were raised.
Other issues discussed included non-tariff barriers of other countries, currency volatility, special economic zones, problems in dealing with customs authorities and service tax.
Sitharaman said that the exporters’ concerns about the Asean FTA stems from the feeling that products are coming in at zero duty whereas similar exports are unable to be made from India.
The commerce ministry will follow up with environment, textiles, customs and finance for easing out of few more things related to export promotion so that there is an ease of doing business from the exporters point of view.
Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…
Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…
Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…
Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.
Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…
Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…