EXPORTERS URGED TO BE PROACTIVE IN PROMOTING EXPORTS DURING CURRENT YEAR
Date : 07 Dec 2001
Location : New Delhi
Shri Rajiv Pratap Rudy, Minister of State for Commerce & Industry, has urged the Export Promotion Councils (EPCs) to be more proactive and innovative in their promotional efforts so as to sustain the country's export growth during the current year 2001-2002, in view of the present adverse international trading environment. Addressing the Export Awards ceremony of the CAPEXIL at the FICCI auditorium here today, Shri Rudy also urged CAPEXIL to innovate its promotional devices for identified markets. The government, he said, was trying to help the exporters to strengthen their presence in the existing markets through the recent Market Access Initiative Scheme under which financial support is provided to EPCs and other trade promotion bodies for various promotional activities including market research, product development and participation in international trade fairs. In the next couple of years, substantial funds could be provided to trade promotion bodies under the Market Access Initiative to undertake export promotional activities, Shri Rudy indicated. He also referred to the steps taken by the government to remove procedural bottlenecks and mentioned in this context faster issue of licences as a result of the new system of electronic filing and online processing of applications as also the announcement of lower interest rates for export credit by RBI to tide over the current situation.
MMTC Limited, India's first super star trading house, received the CAPEXIL award for highest mineral exports for the 10th time in a row. The award was received from Shri Rudy by Shri S.D. Kapoor, Chairman & Managing Director of MMTC which has achieved considerable success in mineral exports leading to an impressive growth of 32.7% during the year 2001 with its mineral business exceeding Rs.1361 crore.
Shri Rudy congratulated the award winners as also the Council for having exported merchandise worth US $ 3253 million (i.e. US 3.2 billion) during 2000-2001, recording an all time high in the history of the Council. Noting that CAPEXIL (formerly Chemicals & Allied Products Export Promotion Council) started its journey in 1958, the Minister complimented the Council for taking up a new project to cater to the needs of exporters from the North Eastern region as well as for launching an exclusive B-2-B portal which would be particularly useful for exporters of minerals, glass & glassware, rubber products, ceramics & potteries and books & publications.