Foreign Trade Policy to Boost Exports

The Commerce Ministry is looking forward at the measures to be announced as a segment of review of Foreign Trade Policy to boost exports, said  Commerce Secretary Rita Teaotia.The review of the policy is almost at its logical closure and the exercise will be finalised by September, she said.The Trade Promotion Council of India (TPCI) along with the Commerce Ministry  is organising this show. Although most of the Indian exporters are persistently participating in international events, arrangement of such big events would provide a substantial platform to most domestic players to reach out to global buyers. "We are looking to see what are those measures by which we can actively support the exporting community," she said here.She also mentioned about the curtain raiser event “Indus Food” which is a mega international food and beverage trade show, to be held at Greater Noida in the coming January. The show is set to start off by the 18th of January next year expecting as good as 400 participants from 35 countries to take part in the two-day show."The show will give an opportunity to Indian exporters to showcase their wide range of products in the food sector," she added.Food and Beverages business draws USD 33 billion per year globally. This show is initiated to make a marketplace for domestic products to showcase to global markets. When questioned about the rising non-trade barriers in the sector, she replied that this is reality in the global market place today but the government is aiding exporters to tackle with such complications.As we know, India is the chief producer of rice, sesame, wheat, milk, mango, banana and other marine products. There are also plans of organising a three-day World Food India 2017 in November by the Food processing ministry. Mohit Singla, Chairman, TPCI, stating on the occasion said- “In spite of such a huge potential, India lacked a platform of its own, which highlights the food production capacities of the country.”"We are organising this show on the lines of globally established food trade shows like SIAL, Anuga and Gulfood. We are sure that Indus food will immensely help the buyers to establish the required network and expand their businesses internationally," he exclaimed.
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Foreign Trade Policy to Boost Exports

Piuesh Daga
News Article
21st Aug, 2017
Foreign Trade Policy to Boost Exports

The Commerce Ministry is looking forward at the measures to be announced as a segment of review of Foreign Trade Policy to boost exports, said  Commerce Secretary Rita Teaotia.

The review of the policy is almost at its logical closure and the exercise will be finalised by September, she said.

The Trade Promotion Council of India (TPCI) along with the Commerce Ministry  is organising this show.

Although most of the Indian exporters are persistently participating in international events, arrangement of such big events would provide a substantial platform to most domestic players to reach out to global buyers.

"We are looking to see what are those measures by which we can actively support the exporting community," she said here.

She also mentioned about the curtain raiser event “Indus Food” which is a mega international food and beverage trade show, to be held at Greater Noida in the coming January. The show is set to start off by the 18th of January next year expecting as good as 400 participants from 35 countries to take part in the two-day show.

"The show will give an opportunity to Indian exporters to showcase their wide range of products in the food sector," she added.

Food and Beverages business draws USD 33 billion per year globally. This show is initiated to make a marketplace for domestic products to showcase to global markets.

When questioned about the rising non-trade barriers in the sector, she replied that this is reality in the global market place today but the government is aiding exporters to tackle with such complications.

As we know, India is the chief producer of rice, sesame, wheat, milk, mango, banana and other marine products. There are also plans of organising a three-day World Food India 2017 in November by the Food processing ministry.

Mohit Singla, Chairman, TPCI, stating on the occasion said- “In spite of such a huge potential, India lacked a platform of its own, which highlights the food production capacities of the country.”

"We are organising this show on the lines of globally established food trade shows like SIAL, Anuga and Gulfood. We are sure that Indus food will immensely help the buyers to establish the required network and expand their businesses internationally," he exclaimed.

Piuesh
Blog Author

Piuesh is the cofounder of White Matter Advisory and is responsible for the overall delivery and execution at WMA. He profoundly believes in significance of financial literacy in emerging markets. He is the youngest amongst the co-founders with an overall experience of 7+ years in the banking industry.

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