WTC Jaipur Hosts Export Meet & Int'l Trade Seminar

JAIPUR, INDIA - World Trade Centre (WTC) Jaipur received an overwhelming response for its first program organized in Jaipur on September 7th 2016. The “Open House Meet with Exporters” as well as “Seminar on International Trade” was attended by over 200 exporters, importers, MSMEs as well as trade consultants. 

Mr. Anup Wadhawan,IAS, Director General of Foreign Trade, Government of India, in his special address gave an overview of the export scenario in Rajasthan. He said that Rajasthan exports commodities worth Rs.37,000 Cr per annum. Throwing light on the challenges faced in this sector, he said that there are global factors as well as domestic factors peculiar to India such as infrastructure , export duties, high cost of land and interest rate, among others. These factors make India a high cost economy. 

He further said that in order to curb the various challenges, there is a need for the economy to be low cost as well as efficient. The transaction cost and time for trade processes also needs to be reduced. He highlighted that now online access is available of all export and import related obligations and a single window system has also been implemented. However, it is necessary to create awareness about the various schemes and opportunities as well as fill the gaps in online access of all trade related processes, he added.

Mr.Yaduvendra Mathur, IAS, Chairman and Managing Director, Export Import Bank of India delivered the keynote address on the occasion. He said that the traditional export sectors of Rajasthan like handicrafts have taken a hit. There is a need for innovation and better technology to boost this trade as export growth translates into better job opportunities. He further said that while earlier export was only considered an attribute of the Central Government, the State Governments are also now actively involved in this sector especially in terms of ground level work.

The open house meet was followed by a Seminar on International Marketing and Export Strategy which was addressed by CMD, Chempro Group and Faculty of WTC Mumbai, Mr. Arun Sehgal. Mr. Sehgal said that the huge population of India is our biggest strength as there is a great demand for goods and services thereby increasing the consumption levels. Sharing his insight about the export strategy, he said that it should be oriented towards productivity, skill as well as quality. It is also important to focus on innovation as well as service excellence to create a USP for the products being exported. The scale of production should be such that it caters to both domestic and export needs, he added. He also urged the exporters to extensively use e-commerce platforms apart from aligning with global business brands.

Ms. Rupa Naik , Director(Projects), WTC Mumbai in her welcome address proposed the concept of “World Trade Week” which can be organized in Jaipur bringing in all stake holders to motivate the business community on various subjects of international trade. Mr. A.O. Kuruvila. Advisor, WTC Mumbai proposed the vote of thanks.

To learn more about WTC Jaipur, please click on the source link below.