| Date: |
04-07-2015 |
| Subject: |
Exporters need to look beyond eurozone, says Pravir Kumar DGFT |
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KOLKATA: Director General of Foreign Trade ( DGFT) Pravir Kumar on Friday asked Indian exporters to look for opportunities in new markets.
"We are facing problems because of over dependence on very few markets including eurozone which comprises 18-19 % of the total exports. We want our exporters to look for opportunities in other markets as well and take advantage of the free trade agreements," Kumar said at the open house meet organised jointly by the Confederation of Indian Industry ( CII) eastern region and Federation of India Export Organisation ( FIEO).
The official also said although there are resource constraints, the country's foreign trade department is passing over the money it is receiving from the union commerce ministry as incentives to the exporters.
The revenue department is trying to bring in 'a single window clearance' to ease the process for exporters, he said, emphasizing that the central government is keen to facilitate ease of doing business for the exporters. The department is also in the process of strengthening the IT backbone and do away with the system of 'manual submission' of documents which has already been filed online.
Source : economictimes.indiatimes.com
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