“Scope for export of engineering goods”

Special Correspondent

TIRUCHI: There was a tremendous scope for export of engineering goods and services and small scale entrepreneurs should come forward to explore the opportunities by availing the promotion schemes being implemented by the government, speakers observed at an Export Awareness meet organised here on Saturday.

The meet was jointly organised by the Engineering Export Promotion Council (EEPC), Export Credit Guarantee Corporation of India (ECGC), Tiruchi District Tiny and Small Scale Industries Association (TIDITSSIA) and BHEL Small Scale Industries Association to provide an orientation to budding entrepreneurs, especially those supported under the Science and Technology Entrepreneurship Development project.

Making a presentation on the ‘Role of EEPC and Export Opportunities,’ M. Ganesan, Regional Director, EEPC, Southern Region, said that entrepreneurs should take advantage of the simplified procedures and the foreign trade policies of the government. Despite the global economic meltdown, there was a good scope for engineering exports and entrepreneurs only need to shed their apprehensions.

EEPC, with a mandate to promote export of engineering goods, projects and services, had about 2,845 members in the Southern Region and was looking to increase the membership. It was engaged in facilitating engineering exports by arrangement for interfaces between exporters and government agencies, including Customs, Excise, Reserve Bank of India and the ECGC. It also sponsored product specific and multi-product delegations to select countries and supported participation of exporters in international trade fairs, exhibitions and buyer-seller meets.

R. Sathayanarayanan, Assistant General Manger, ECGC India Limited, Chennai, gave an overview of the functions of the organisation and its services to exporters, including provision of credit risk guarantee for exporters and country profiles.

P.A. Vijay, Assistant Commissioner of Central Excise, and a team of officials explained government schemes available for exporters, including the duty drawback facility. He appealed to exporters to meet the documentation requirements to avail the schemes quickly.

S. Sridharan, President, TIDITSSIA, urged entrepreneurs to avail the schemes implemented by the ECGC and EEPC, besides taking advantage of simplified procedures of the Customs and Excise Department. He said the TIDITISSIA would bring out check-lists of the requirements that have to be met by exporters for availing the government schemes.

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