Thu, 09 Jul, 2020

Suresh Prabhu meets Goan trade associations to boost exports

Minister of Commerce and Industry, Suresh Prabhu, met a number of trade associations in the state to find ways to boost exports from India.

19th September 2017, 03:17 Hrs

the goan I network
PANAJI

Sources revealed that Prabhu met representatives from ASSOCHAM (The Associated Chambers of Commerce of India), GCCI (Goa Chamber of Commerce and Industry), GMOEA (Goa Mineral Ore Exporters Association), cashews exporters and marine exporters to find ways to remove bottlenecks from exports.
Manguirush Pai Raikar, national MSME Board member, said, "The idea behind Prabhu's meetings with trade associations was to find ways to grow exports so that our country's balance of payments situation improves. A number of products, which we import, can be manufactured in India under ‘Make-in-India' initiative, which will also result in more employment."
Balance of payments means difference between exports and imports. If India's exports are more than imports, then foreign exchange can be saved, self- reliance will improve and even employment can be generated.
Raikar added, "Prabhu has also proposed that Goa government could think of having a coastal export promotion zone. "
The central government is promoting the concept of such zones across Gujarat to Kerala.
It is in this context that Prabhu suggested that the state government can think of having a coastal export promotion zone.

Related news

Farmers, equipment manufacturers & consumers assemble at Trade Fair

A peak into the recently held International Agriculture Equipment and Food Processing Technology Trade Fair at Margao that brought together various organic products whilst also showcasing the upcoming farming technology available Read more

Banks snubbing MSMEs; need restructuring & hand-holding

Members of the industry have complained that banks are not helping micro, small and medium enterprises (MSMEs) by restructuring their loans when they go through tough times. Moreover, bankers insist on getting collateral before giving loans to small businessmen due to which entrepreneurship is not getting a boost in the state Read more

In 2019, industry wants govt to walk the talk on infra

Whether it is IT, manufacturing or services, the message is loud and clear. The industry expects the State Government to live upto its commitment and provide better infrastructure like more land, uninterrupted power supply, significantly improved internet connection and clean beaches for tourism Read more