Rebranding the old export promotion schemes can't bring us new results: FISME on falling exports
Updated: Jan 18, 2016 02:35:21pm
New Delhi, Jan 18 (KNN) The feeling you get while interacting with the Government is that they seem to have resigned to the fate: there is global slowdown, hence exports are down, said FISME, an apex industry body for MSMEs.
Raising concerns over the consistently falling exports from India, Secretary General of Federation of Indian Micro & Small and Medium Enterprises (FISME) Anil Bhardwaj said, “The sense of urgency to explore newer innovative ways to swim against the tide is missing. Rebranding the old export promotion schemes or continuation of old ones can’t bring us new results.”
India’s merchandise exports fell for the 13th consecutive month in December by 14.75 per cent from a year earlier to USD 22.29 billion, whereas the imports stood at USD 33.96 billion.
The trade deficit for April-December, 2015-16 was estimated at USD 99207.75 million which was lower than the deficit of USD 111685.04 million during April-December, 2014-15.
In the wake of falling trends in Indian exports, a delegation from FISME had met Union Commerce Minister Nirmala Sitharaman few months ago to apprise her about the constraints faced by the MSMEs responsible for the decline in exports.
FISME, which has a network of around 750 MSME associations, suggested measures to the Minister for enhancing MSME exports.
Some of the important issues discussed by the FISME's Senior Vice President Anil Agarwal and Past President V K Aggarwal included Advance Licence period which has been reduced to 18 months; rigid provisions of the EPCH scheme and more.
FISME further suggested measures such as formation of Niryat Bandhu; Rejuvenating Board of Trade; reviewing Export Promotion set; Mega MSME Export support programme; India outbound scheme and many more steps up to alleviate the causes for plunging exports.
FISME said there is a crying need to set up an institutional mechanism to address the issues of exporters related to DGFT and Central Ministries such as Finance, Agriculture, Commerce and Industry, External Affairs, Railways, Road Transport & Highways, MSME, Shipping, Textiles, Labour and also related to the State Governments.
The MSME sector contributes 8% to India's Gross Domestic Product (GDP) and 45% to manufactured output. The total contribution of MSMEs in the country’s export is 40%. The sector provides employment to over 8 crore people engaged in over 3.6 crore units, producing more than 6,000 products. (KNN Bureau)
Raising concerns over the consistently falling exports from India, Secretary General of Federation of Indian Micro & Small and Medium Enterprises (FISME) Anil Bhardwaj said, “The sense of urgency to explore newer innovative ways to swim against the tide is missing. Rebranding the old export promotion schemes or continuation of old ones can’t bring us new results.”
India’s merchandise exports fell for the 13th consecutive month in December by 14.75 per cent from a year earlier to USD 22.29 billion, whereas the imports stood at USD 33.96 billion.
The trade deficit for April-December, 2015-16 was estimated at USD 99207.75 million which was lower than the deficit of USD 111685.04 million during April-December, 2014-15.
In the wake of falling trends in Indian exports, a delegation from FISME had met Union Commerce Minister Nirmala Sitharaman few months ago to apprise her about the constraints faced by the MSMEs responsible for the decline in exports.
FISME, which has a network of around 750 MSME associations, suggested measures to the Minister for enhancing MSME exports.
Some of the important issues discussed by the FISME's Senior Vice President Anil Agarwal and Past President V K Aggarwal included Advance Licence period which has been reduced to 18 months; rigid provisions of the EPCH scheme and more.
FISME further suggested measures such as formation of Niryat Bandhu; Rejuvenating Board of Trade; reviewing Export Promotion set; Mega MSME Export support programme; India outbound scheme and many more steps up to alleviate the causes for plunging exports.
FISME said there is a crying need to set up an institutional mechanism to address the issues of exporters related to DGFT and Central Ministries such as Finance, Agriculture, Commerce and Industry, External Affairs, Railways, Road Transport & Highways, MSME, Shipping, Textiles, Labour and also related to the State Governments.
The MSME sector contributes 8% to India's Gross Domestic Product (GDP) and 45% to manufactured output. The total contribution of MSMEs in the country’s export is 40%. The sector provides employment to over 8 crore people engaged in over 3.6 crore units, producing more than 6,000 products. (KNN Bureau)
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