Jaipur, Organized by World Trade Centre (WTC) Jaipur, an Open House Meet with Exporters as well as a Seminar on International Trade was held today in Jaipur. Attended by exporters, importers, MSMEs as well as trade consultants, the event saw stimulating interactions on Business Environment as well as Export Strategy for International Trade. Director General of Foreign Trade, Government of India, Mr. Anup Wadhawan in his special address gave an overview of the export scenario in Rajasthan. He said that Rajasthan exports commodities worth Rs. 37,000 Cr per annum. Throwing light on the challenges faced in this sector, he said that there are global factors as well as domestic factors peculiar to India such as infrastructure , export duties, high cost of land and interest rate, among others. These factors make India a high cost economy.
He further said that in order to curb the various challenges, there is a need for the economy to be low cost as well as efficient. The transaction cost and time for trade processes also needs to be reduced. He highlighted that now online access is available of all export and import related obligations and a single window system has also been implemented. However, it is necessary to create awareness about the various schemes and opportunities as well as fill the gaps in online access of all trade related processes, he added.
Chairman and Managing Director, Export Import Bank of India (EXIM) Mr.Yaduvendra Mathur, IAS delivered the keynote address on the occasion. He said that the traditional export sectors of Rajasthan like handicrafts have taken a hit. There is a need for innovation and better technology to boost this trade as export growth translates into better job opportunities. He further said that while earlier export was only considered an attribute of the Central Government, the State Governments are also now actively involved in this sector especially in terms of ground level work.
He also informed that the EXIM Bank is in an advanced stage of finalizing a Memorandum of Understanding (MoU) with the Government of Rajasthan for formulating an export strategy.
In her Welcome Address, Director Projects, WTC Mumbai, Ms. Rupa Naik announced that apart from initiatives like open house meet and seminars, Jaipur will soon witness a World Trade Week as well.
The open house meet was followed by a Seminar on International Marketing and Export Strategy. In the beginning, General Manager EXIM Bank, Mr. Tarun Sharma gave a presentation highlighting the efforts of EXIM Bank towards creating a lucrative environment for exporters The seminar was addressed by CMD, Chempro Group and Faculty of WTC Mumbai, Mr. Arun Sehgal.Mr. Sehgal said that the huge population of India is our biggest strength as there is a great demand for goods and services thereby increasing the consumption levels. Sharing his insight about the export strategy, he said that it should be oriented towards productivity, skill as well as quality. It is also important to focus on innovation as well as service excellence to create a USP for the products being exported. The scale of production should be such that it caters to both domestic and export needs, he added. He also urged the exporters to extensively use e-commerce platforms apart from aligning with global business brands.
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