SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 04 Jan, 2020  

SEZ.9.Thmb.jpg Steps proposed to revamp SEZ policy for food exports

SEZ.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 03 Jan, 2020

Trade promotion agency TPCI on Friday proposed several steps such as revamping the SEZ policy for food exports to boost the country's agriculture imports.

According to TPCI Chairman Mohit Singla, these steps include 100 per cent pre-export certification along with strengthening of the last mile connectivity for agri produce to boost the country's agriculture exports to $100 billion in the coming years.

In 2018-19, India exported $35 billion worth of agriculture products.

"India has huge potential in the food exports and global investors are looking at SEZs as one destination for investing," Singla said.

"Due to the lack of incentives for value added F&B manufacturing and exports is inhibiting them to come to India. A foreign investor should be allowed to import raw material at zero duty and avail duty rebate proportionate to value addition."

As per current data, exports from SEZs are growing at a faster rate than overall exports from the country.

In April-June 2019, even as overall export growth from India slowed down to 2 per cent to Rs 562,000 crore, exports from SEZs posted a robust 15 per cent growth to Rs 185,763 crore.

In addition, Singla said that the mandatory 100 per cent pre-export certification will create the necessary brand value for agriculture exports and is the best way forward towards the target of $100 billion.

The TPCI is organising the 3rd edition of F&B sourcing show -- IndusFood -- which will host business delegations from Denmark, China, Turkey, S Korea and Afghanistan.

Previously, the second edition of IndusFood saw on spot business deals worth $1.2 billion.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter