SME Times News Bureau | 21 Nov, 2015
The central government is working on an action plan to offer incentives
to industry and encourage them to upgrade all the technologies and
wherewithal needed to match up with the best global standards, a senior
official said in Kolkata on Friday.
"This is part of our efforts to
bring greater awareness among industry members and other stakeholders
about the importance of 'Standards' in the changing scenario of global
trade," Commerce and Industry Ministry Joint Secretary Sudhanshu Pandey
said.
Addressing the Regional Standards Conclave organised by his
department in association with CII and Export Inspection Council,
Pandey said the government has identified about 400 products and is
currently working on building mandatory standards for the items.
The bureaucrat said the whole process would take time since the exercise entails inter-ministerial collaborations.
Once
the cabinet gives the final approval, and mandatory standards for the
identified products are expected to be ready by 2016-17.
The
mandatory standardisation of products that match international norms is
necessary for creation of overseas market access for Indian exporters,
Pandey said, adding it would also protect the Indian market from
becoming a dumping ground of substandard products, including chemicals
and food items.
Export preshipment credit & DEPB benefits Anand Mohan | Thu Nov 26 03:30:27 2015
India govt. with RBI should immediately announce collateral free preshipment credit on the basis of Importers order @ 6-7% interest rates and 14% DEPB benefits to all Exporters. This steps will certainly initiate huge exports. Our company has lost 10,000 export orders due to lack of collateral free preshipment credits from Bankers.
