New Delhi, June 10 (KNN) The Trade Promotion Council of India (TPCI) has suggested some valuable measures to Commerce Ministry, consisting of six point agenda which may be strategized for making India export competitive.

On the matter of not to be depend on subsidies, Singhla said,’’, “The government stand to phase out the export subsidies gradually need a cautious view to deal with, as the buyers also negotiate and demands some part of the subsidy.”

It is the time when India needs to uplift its business equity, capitalizing on products and services that India has an advantage and strength globally. There are several cases and examples to prove that many industries have done well after phasing of subsidies, he added.

A six point agenda that was suggested by the Chairman of TPCI are as follows:

  --  Identification of new product basket which can easily find market compared to our global competitors as India has inherent advantage. The emerging sectors with huge market could be electrical, furniture, mattress and processed food. Processed food alone has huge scope after value addition and can fetch India 1000 USD plus export. It has been observed that the old sectors like textiles, RMG, leather, gems and jewellery, pharmacy and chemicals and hydrocarbons have limited growth and further emphasis to these sectors will not make much difference to our exports.

  --  External outreach and promotion of Indian products to new and emerging markets needs to be done. India can utilize 80 trade promotion offices working on already accepted global norms for promotion of various products and brand from India.

  --  Creating a national portal for global trade inquires to be run and managed with respective Export Promotion Councils in handling of queries on day to day basis.

  --  Encouraging the performers by linking with performance and target. Be it EPCs or any other body or organization.

  --  Availability of credit for industry both in terms of intermediary and finished good for exports.

  --  Reducing cost and time of port clearance for goods for export. Charges of Indian ports should be reduced as it decreases the Indian exports compared to rest of the world. India has one of the highest port charges, number of days for port clearance and delivery as compared to our major competitors.