FIEO committed to help exporters, says Secretary General
With the prevalence of a seaport, which is emerging as a hub of South India with significant developments for expansion, Tuticorin will certainly transform into a major exporting city in India in four years, according to Secretary General of New-Delhi-based Federation of Indian Export Organisations (FIEO) G.P. Upadhyaya.
Since Tuticorin had the logistic support, developments in trade and commerce could be achieved easily. The FIEO was concentrating on 70 per cent of export-oriented operations in India. One-fifth of the country's earnings was from export. India should have a high rate of export growth, he said.
Mr. Upadhyaya was addressing exporters and port-users at a programme organised by Indian Chamber of Commerce and Industry here on Saturday evening. The expertise of FIEO would help solve problems, if any, in terms of customs policies, trade and export procedures and the industrial bodies could benefit from it. He urged the participants to become members of the export promotion council for various products to avail government incentives. The registrants could also enjoy the benefits of foreign trade policies. The FIEO was committed and duty-bound to help exporters of industrial sector by and large.
Tuticorin with ample potential would certainly impress upon the government for awarding the Town of Excellence in Exports.
The Central Government was implementing various schemes, including Market Development Assistance and Market Access Initiative, to help reduce exporting cost. Twenty six Export Promotion Councils were functioning under FIEO, he added.
Referring to memorandum submitted, Mr. Upadhyaya termed the issue of non acceptance of Customs for clearing the consignment after 6 p.m. in Tuticorin as “uncompetitive”. It would be taken to the notice of Central Government. Awards were presented to the best exporters and port-users numbering twenty two for 2006 – 07 during the programme.
No promotion council for salt
Earlier, D.R. Kodeeswaran, Secretary, ICCI, said there was no export promotion council for salt. Since Tuticorin was prominent in production and export of salt, establishment of an exclusive council was the need of the hour.
He also mentioned about the differential rates of interest in sales tax and sought intervention of the Federation to settle the issue.
The ICCI was also taking efforts to transform the airport at Vagaikulam here into an international airport. A.K. Jagannathan, Managing Director and CEO, Tamilnad Mercantile Bank Limited, and T. Johnson, ICCI president, spoke.