NEW DELHI, Apr 5: The NDA government plans to identify and incentivise towns of export excellence (TEE), producing goods worth Rs 750 crore in year . The new Foreign Trade Policy (FTP) envisages development and growth of traditional export production centers of the country.
A number of towns have emerged as dynamic industrial clusters contributing handsomely to India’s exports. It is necessary to grant recognition to these industrial clusters with a view to maximise their potential and enable them to move up the value chain and also to tap new markets, FTP policy stated. However, for TEE in handloom, handicraft, agriculture and fisheries sector, threshold limit would be Rs 150 crore. The recognised TEEs and the units located with them would be provided financial assistance under market access initiative on priority basis for export promotion. In keeping with the spirit of cooperative federalism, FTP policy also outlined initiative under the `Whole of Government and role of state in export promotion from across the country. It proposed to set up an export promotion mission would be constituted to provide an institutional framework to work with state governments to boost exports of the country. FTP can neither be formulated nor implemented by any department in isolation. Going forward, a whole-of-government approach would be required the policy statement said State governments were reluctant to promote export activities because revenue never go to its coffers and do not distinguish between exporting unit and domestic unit. But, with NDA Government’s new push on devolving more financial powers to the state things might change and renewed thrust on participation of states in export promotion is a step in this direction. .
(UNI)
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