4th CII EXPORT SUMMIT 2014

Prof. B.M.K Prasad from Dronacharya College of Engineering attended a program 4th CII Export Summit 2014 on Foreign Trade Policy: Deepening India’s Presence in Global Marketson 20th February, 2014 at Le Meridien, New Delhi organized by Confederation of Indian Industry (CII). In the opening address, Mr. Chandrajit Banerji, Director General, CII gave the basic idea over the Trade Policy related with emergent possibility and important areas with government and small industries related to build the trend, export mission, focused on market, building connectivity especially for European regions and Indian Centre.

Theme of the summit was addressed by Mr. Sanjay Budhia, Chairman, CII, National Committee on Exports and Managing Director, Palton Group. In his address he said about India’s Foreign policy which has increased the national export for engineering goods, petroleum products &softwares with global economy.

As the chief guest, Mr. Rajeev Kher, Commerce Secretary, Ministry of Commerce and Industry, Government of India, mentioned new foreign policy involving International Trade and India’s road to multilateral setting where it is applicable. He also informed about international trade foundation for five to ten years to see the importance of exports with higher rate of growth relates to the important meaning of promoting, monitoring exports for good economic development, good economic growth. For the development of the policy it is required to identify the strategy with financial support and the deserving areas. Government needs to see segment of product area, destination of the market, deficiency of the market especially for most developed countries in long term horizon. He suggested there should be a proper interaction with industries to identify important sustained market area for which the research institute can play a great role. Also there should be export promotion scheme to bridge and restructure, re-engineer the challenges faced by the textile sector and think the export subsidy for long term sustainable development where India stands for trade policy.

Through his key note address, Dr. Anup Kumar Pujari, Director General of Foreign Trade, Govt. of India, reminded the intellectual policy and our own challenges with FTA. He mentioned that there should be integrating role with Asia, large Asia including Korea, Japan. The people of the area must be outreached with business community, industry for positive constructive globalization, nationalization, regionalization for encouraging the result.

Export Summit provides a platform to discuss on India's Foreign Trade Policy to be adopted, especially in these challenging times. It is an event which brings together key policy makers, industry leaders, institutions and academia and aims to outline a definite road-map that would make Indian Exports more competitive globally.