New Delhi: Trade advertising body Trade Promotion Council of India (TPCI) on Friday proposed a five pronged approach into the authorities, such as compulsory pre-export certificate and revamping the Special Economic Zone (SEZ) coverage for the food industry, to improve export of agricultural products. The TPCI said India has the capability to increase agri exports to $100 billion in the next several years.
It suggested 100percent pre-export certificate, increasing customer base, branding, strengthening final mile connectivity for agri create, and revamping SEZ coverage for food exports.
“If that is guaranteed, the standard of our merchandise will even fetch superior value for meals and drinks exports. The compulsory 100 percent pre-export certificate will produce the brand as a dependable and decent excellent exporter,” explained TPCI Chairman Mohit Singla.
To boost customer base, the authorities should encourage businesses to create unique products that satisfy global requirements, Singla said and proposed that overseas investors be permitted to export raw material at zero duty and avail obligation rebate proportionate to value addition.
To promote India as a global sourcing hub for its industry, TPCI is organising worldwide food series IndusFood 2020 at Greater Noida in January 8.
More than 1,300 international importers such as Walmart China, Lotte Korea, LULU and also Russia’s X5 Retail Group are participating in the series. The next variant of IndusFood found on place business deals worth $1.2 billion, the council stated.