Indian trade has increased to 10 thousand billion dollars in the year 2015-16 while the world is struggling with recession. The future of India is bright and the State will be benefited from this also. Minister for Finance and Commercial Taxes Jayant Malaiyya has said this at the session “MP Exports Strategy” at the Global Investors Summit at Indore today. Malaiyya said that land allotment procedure for industry has made online in Madhya Pradesh to avoid delay. A committee is being constituted to enhance export from Madhya Pradesh which will send its report to the union government and immediate action will be taken. To facilitate investors, the 7th international container depot of state will be made at Katni.
Malaiyya further said that same number of participants as today’s session were present in the earlier Global Investors Summit held in the year 2007.
He mentioned that due to increase in facilities like skilled manpower, roads, electricity and water now national and international investors are inclined towards Madhya Pradesh. Export of Soyabean has established Madhya Pradesh image in the world.
Principal Secretary Micro, Small and Medium Industries Vl Kantarao said that export strategy to benefit all is being framed in the state.
He informed that in the year 2014-15 a policy has been formed to help exporters. There is Export Promotion council and entrepreneurs can find solution to their problems on ic-mp@nic.in.
Managing Director Prestige Group of Industries Davish Jain speaking on Industrial scope threw light on opment Commissioner Special Economic Zone (SEZ) JM Gupta informed that in Niryat Bandhu Programme 46,000 college students and people interested in exports have been benefited in the last two years. A total of 28 percent of country’s export comes from the SEZ.
A special economic zone has been approved in Chhindwara-Madhya Pradesh by the union government.
Executive Director Export Credit Guarantee Corporation of India M Sontilnathan informed that risk cover, risk rating methodology of India, buyer understanding, score card etc.
He said that 100 exporters are linked with his Indore branch. There are 50 million business profiles on ECGC’s website which can be used to expand market.
Deputy Managing Director of India Export-Import bank (EXIM) David Raskinha gave presentation on role of banks in international trade, basic initiative and development, assistance by bank to Madhya Pradesh for exports etc.
Additional Commissioner Customs Indore AK Saxena said that facilities have been expanded and difficulties of entrepreneurs have eradicated by introducing ease of doing business.
Efforts are being made to achieve better position for India in the Industrial world through Make in India. Entrepreneurs of state, country and abroad were present in the session.