New Delhi: The committee consisting of the top Indian CEO has argued that India’s free trade agreements can help drive automatic export components and textiles, while also suggesting sustainable efforts to reduce five disabilities for domestic companies – costs and ease of doing business, market access through Trade agreements, technology and quality problems and brand supporters of India for manufacturing.
The Steering Committee to advance the value of local added and export (scale committee), led by former M & M MD Pawan Goenka – working on an increase in export 24 products identified – has said that the government needs to immediately deal with costs related to land, power and capital, other than From the scale of addressing, which reduces cost disability.
Overcoming concerns around infrastructure and logistics, the flexibility of labor and strengthening MSMEs can also help reduce costs for the company and make it more competitive in the global market.
In a presentation conducted at the meeting between industrial players and the Minister of Trade Piyush shaken on Monday, he suggested encouragement to “China Plus One Strategy” to attract investment from multinational companies, while positioning India as an export center.
The minister agrees with some suggestions and register areas where the government has worked.
With FTA in place, the panel concludes that automatic components can be the largest enhancer throughout the market, including the US, UK and the EU.
Similarly, agreements with Britain, EU, ASEAN, South Asia and the US can obtain textile benefits.
While ACS and drones can obtain a minimum of four markets respectively, products such as set-top boxes and sports goods & sports equipment may not see much of the impact of the agreement.
The panel made a presentation for trade and the Minister of Industry Piyush shaken on Monday.