Commissioner of Customs and Central Excise C. Rajendiran and Joint Director General of Foreign Trade P.K. Ghosh said that the Union government was providing ample opportunities and incentives for enthusiastic young entrepreneurs for doing business with companies located abroad. They said the government wanted to earn more foreign exchange through export of Indian products on par with Japan, Korea and other countries.
They conducted a training programme for MBA students of Aditya Institute of Technology and Management-Tekkali of Srikakulam district.
Speaking on the occasion, Mr. Rajendiran said that the Union government was mainly depending on indirect taxes and foreign exchange to meet its financial commitments and run the administration in the country.
“China’s share in foreign trade is around 8 per cent but India has only 2 per cent share in international trade activity. There are plenty of opportunities to expand foreign trade from rural areas too if youngsters come out with their ideas and export new products to other countries,” said Mr. Rajendiran.
Mr. Ghosh explained about various incentive programmes such as the Agri Infra Incentive Scheme, Star House Incentive Scheme, and the Duty Exemption Scheme for import of raw materials. “The government gives up to Rs.1 crore incentives if anybody is doing import and export business efficiently,” he added.
Canara Bank Chief Manager Ramesh Pai, Export Credit Guarantee Corporation Branch Manager C. Chakravarthi, Andhra Chamber of Commerce and Industries vice-president G. Sambasiva Rao, Foreign Trade Development Officer L. Shree Lakshmi and others clarified various doubts of the students. AITAM College director V.V. Nageswara Rao said that the management was giving utmost priority for enhancement of practical knowledge among students by conducting training programmes. He expressed happiness over the attendance of several industrialists in the programme. “Foreign trade is a challenging job for anyone. Proper training under the supervision of senior officials will help youngsters immensely,” he added.
MBA College principal D. Vishnumurthy and AITAM College coordinator B. Rajesh said that new ideas were generated with the training programme in which over 100 students participated.
