Looking at Measures in FTP to Support Exporters: Teaotia

Posted By: Religare
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    The commerce ministry is looking at measures to be announced as part of the review of the foreign trade policy (FTP) to boost exports, Commerce Secretary Rita Teaotia said as per the PTI report.

    Looking at Measures in FTP to Support Exporters: Teaotia

    She said that the review of the policy is now almost coming to its logical conclusion and the exercise will be completed by September.

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

    She was speaking at the curtain raiser event of a mega international food and beverage trade show 'Indus Food', to be held in January next year at Greater Noida.

    The secretary said although Indian exporters continue to participate in international events, organising a big show in India would give a large platform to domestic players to interact directly with global buyers.

    About 400 participants from 35 countries are expected to participate in the two-day show starting from January 18 next year. The Trade Promotion Council of India (TPCI) is organising this show with the ministry.

    "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 is a USD 33 billion per year business globally.

    The show will create a marketplace for Indian products to showcase to global buyers.

    When asked about increasing non-trade barriers in the sector, she said this is reality in the global market place today but the government is helping exporters to deal with such hurdles.

    The food processing ministry is also organising a three- day World Food India 2017 in November here.

    India is the key producer of rice, wheat, milk, sesame, mango, banana and marine products.

    Speaking on the occasion, Mohit Singla, Chairman, TPCI, 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 said.

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