GOA, INDIA - World Trade Center Goa in association with Dy. Director General of Foreign Trade, Goa, and Reserve Bank of India organised an Exports Facilitation Seminar on February 21, 2017 at Panaji.

The objective of the seminar was to highlight the various schemes that the Ministry of Commerce and Industry has launched in its Foreign Trade Policy for 2015-2020 to encourage exports.

In his key note Address, Mr. Ramesh Holeyachi, I.T.S, Dy. Director General of Foreign Trade, Goa, mentioned that lack of awareness of the various schemes is one of the main reasons for low exports from the country. He explained that schemes like Merchandise Export from India Scheme (MIES), the Service Export from India Scheme (SIES) EPCG Scheme for promotion of capital goods and the “Niryat Bandhu Scheme” for mentoring new and potential exporters are flagship schemes launched by the Government of India to facilitate Exports from India. Holeyachi, also highlighted the recently introduced REX (Registered Export System) of the European Union and explained how it can be beneficial for the Exporters.

He further opined that “India’s Exports share currently stands at round 1.5% percent of the world’s total exports and the Government of India in its Foreign Trade Policy for 2015-2020 has targeted to increase the exports share to 3.5% corresponding to USD 900 billion.” He encouraged the exporters to take advantage of all the specially designed schemes and incentives offered to boost Exports.

Ms. Meenakshi Gad, DGM, highlighted the role of RBI with in Debt Management and implementation of the Foreign Exchange Management Act. She opined that Goa as a state has almost 970 FDI Companies and it augurs well for the state which itself can be classified as a well banked state.

Earlier, Mr. Cyril Desouza, Asst. Director WTC Goa, in his welcome address appraised the Exporters of the widening trade deficit which in January 2017 stood at USD 9.84 Billion. He was of the view that this trade deficit throws up huge challenges and opportunities for the exponential growth of Exports from India. Mr. Desouza also highlighted the role of the World Trade Centre in facilitating international trade and the various programmes it organizes to make this possible.

The Seminar witnessed an active participation of around 70 representatives from Trade, Businesses and Banking Sectors.

Seen in the Picture: ( L-R) : Mr. Cyril Desouza – Assistant Director, Trade Promotion, World Trade Centre Goa, Mr. Ramesh Holeyachi, I.T.S, Dy. Director General of Foreign Trade, Goa and
Ms. Meenakshi Gad, DGM, Reserve Bank of India.

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