Activities Round Up

Date : 04 Apr to 04 Apr 2013
Place : New Delhi
Organised by : FISME

FISME suggests measures for export promotion before Parliamentary Committee on Commerce


FISME has tendered an oral evidence before the Parliamentary Standing Committee on Commerce on April 4, 2013 on issues related to Budget proposals and about measures needed to promote exports. The committee was chaired by Mr Shanta Kumar. 


FISME President Mr D Gandhikumar and Secretary General Mr Anil Bhardwaj made the presentation. 


According to the presentation, one of the major reasons for fall in exports has been that the Duty Entitlement Pass Book (DEPB) scheme is phased out and it has not been replaced with other simple duty reimbursement scheme. 


The Advance Licence route is found to be unviable for SMEs because smaller quantities cannot be imported.


FISME has recently suggested a Duty Credit Advance Licence scheme by picking the best of both the erstwhile DEPB and the present Advance Licence, during a meeting chaired by the Cabinet Secretary.


Further, highlighting MSMEs’ contribution that is, over 40% of India’s exports,   FISME demanded allocation of commensurate share of export promotion funds for  SMEs especially in Market Access Initiative programme.


 FISME also advocated taking up of a Mega Export Promotion Programme to orient and equip a large number of MSMEs towards exports.


At present the number of MSME exporters is less than one per cent.