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Export Summit
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a)    “In the next 15 years, emerging economies are poised to account for more than half of the global economy and we need to understand the changing global economic and trade landscape to reposition India,” said Mr S R Rao, Commerce Secretary, Ministry of Commerce and Industry. He was speaking at the inaugural session of the 3rd CII Export Summit ‘Repositioning in the Emerging Global Value Chain’ on August 28, 2012 at New Delhi.

Addressing a wide gamut of issues impacting trade, Mr Rao said the changing economic landscape will influence how factors of production are controlled, and which countries specialize in which areas, all of which will need to be examined deeply in order to formulate policies and strategies that will strengthen India’s position in the global value chain.

Appreciative of India’s crossing the US$ 300 billion mark even in these challenging times, he admitted that the trade deficit is a matter of concern. He said that steps such as the National Manufacturing Policy and the Foreign Trade Policy, besides focussing on increasing India’s international, especially regional, engagement through FTAs and similar instruments, will help boost exports. India has tremendous scope for increasing merchandise exports, he said, adding that in the next few weeks, some policy announcements are expected which would help India achieve its target of US$ 500 billion by 2015.

 

b)    Earlier, in his welcome address, Mr Sanjay Budhia, Chairman CII National Committee on Exports and Imports & Managing Director, Patton Group, said that though recent export figures have been discouraging, the government’s initiatives such as the market diversification policy have helped exporters stay competitive. He further urged the government to address issues such as the high cost of credit, make SEZs viable and speedily implement the New Manufacturing Policy to boost exports.

 

c)    Mr TCA Ranganathan, CMD Exim Bank of India, said that while government and industry have to play an equally important role in formulating an effective strategy, it is the strategy of individual corporations that will play a bigger role in the success of exporters.

 

d)    In his theme address, Mr Adi Godrej, President, CII, and Chairman, Godrej Group, said India needs to expand its manufacturing exports, take advantage of opportunities that arise because of the changing landscape, such as the possibility of supply chains currently based in China being relocated, and find ways to integrate itself more effectively in the new value chain. Early implementation of GST and NMP, and improvement in logistics would be critical factors in accelerating growth, he added. 

 

e)    Earlier, in his welcome address, Mr Chandrajit Banerjee, Director General, CII, said it was indeed an honour to have Mr Rao address this conference at a time so critical for Indian exports. Appreciative of the government’s initiatives to boost exports, he said that industry felt confident of meeting the export target of US$ 500 billion by 2015 under the guidance of Mr Rao.

 
Description

The 3rd CII Export Summit addressed the issues of increasing exports. It was organized on 28 August at New Delhi with the theme, ‘Repositioning in the emerging global value chain”. The Export Summit was addressed by Mr S R Rao, Commerce Secretary, Dr Anup K Pujari, DGFT, Mr Anup Wadhawan, Joint Secretary, Ministry of Commerce and Industry, Pradeep K Chandra, Principal Secretary, Andhra Pradesh, Mr T C A Ranganathan, CMD, EXIM Bank, Mr N Shankar, CMD, ECGC, Mr Jianye Wang, Chief Economist, EXIM Bank of China.

 

As the World order is changing, we all need to reposition ourselves to be better equipped in this emerging global value chain. We all are aware that Gujarat has many clusters which are excelling in exports and also the state has taken a number of initiatives to boost exports.

 

Mr S R Rao, Commerce Secretary, Government of India was the Chief Guest at the inaugural session of the Summit. Dr Anup K Pujari, DGFT has also addressed the Summit.

 

The sessions of the Summit included:

  • Exclusive discussion with experts on “India’s Export Scenario- Issues & Challenges
  • Positioning in the emerging Global Value Chain 
  • Exports: State initiatives
  • Indian Exports: Open House with Policy Makers

 

India is facing a trade deficit of Trade deficit of $15.4 billion at present.And there is a need to position Indian exports in the new emerging global value chain. India, today, accounts for 1.6 per cent of global merchandise export and ranks 19th in the world among leading exporters. India can improve its position by touching $500 billion of exports and four per cent of global trade over the next year or two. Till now, India has not been part of the important traded sectors in the global trade basket but has concentrated on products in which it may have a more competitive edge. But to increase exports significantly and become part of a global value chain, it was felt that there is a need for greater emphasis on innovation and R&D by industry. That is why  India has not been a major exporter of high-technology products.

To sustain a 30-40 per cent growth in exports India should continue building strength in conventional markets of the developed world, as well as identify and tap new markets. Both these strategies have to coexist. Industry needs better infrastructure, connectivity to large markets, single-window clearances and greater coordination among departments that handle exports.

India, like China, should use the policy of increasing exports through foreign-owned enterprises or focus on developing the strengths of domestic companies to tap global markets. China had in its initial years of export opened up to foreign direct investment for exports and foreign-invested enterprises accounted for as much as 80 per cent of exports out of China. This has come down over the years but foreign enterprises located in some key export zones account for well over 50 per cent of total exports from China. The domestic private sector in China accounts for over 33 per cent of exports, while state-owned enterprises account for over 14 per cent of exports.

 

The cumulative figure for exports for the period of April-July 2012 stood at US$ 97.6 billion as compared to US $102.8 billion during the same period last year. This necessities that we should have a relook at our trade strategy and strive for meeting the export target of US$ 500 Billion by 2013-14. For making it a reality, government and industry should work closely through effective mutual cooperation.

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Knowledge Resources
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3rd CII Export Summit 2012
Mr. Sanjay Budhia, Chairman, CII National Committee on Exports and Imports, & Managing Director, Patton Group delivering welcome address at the inaugural session of the 3rd CII Export Summit 2012.
Mr. Adi Godrej, President, CII and Chairman, Godrej Group delivering theme address at the inaugural session of the 3rd CII Export Summit 2012.
Observations by Mr. T C A Ranganathan, CMD, EXIM Bank of India at the inaugural session of the 3rd CII Export Summit 2012.
Mr S R Rao, Commerce Secretary, Ministry of Commerce & Industry addressing at the 3rd CII Export Summit 2012
Mr. Sanjay Budhia, Chairman, CII National Committee on Exports and Imports, & Managing Director, Patton Group delivering closing remarks at the inaugural session of the 3rd CII Export Summit 2012.
Moderator Mr Subhomoy Bhattacharjee, Deputy Editor, Indian Express addressing at the Session 1: Exclusive discussion with experts on “India’s Export Scenario-Issues & Challenges” of the 3rd CII Export Summit 2012.
Mr Abhijit Das, Centre for WTO Studies addressing Session 1: Exclusive discussion with experts on “India’s Export Scenario-Issues & Challenges” of the 3rd CII Export Summit 2012.
Mr N Shankar, Chairman cum Managing Director, ECGC addressing at the Session 1: Exclusive discussion with experts on “India’s Export Scenario-Issues & Challenges” at the of the 3rd CII Export Summit 2012.
Mr. Ajay Sahai, DG, FIEO addressing at the Session 1: Exclusive discussion with experts on “India’s Export Scenario-Issues & Challenges” of the 3rd CII Export Summit 2012.
Session Moderator Mr Subhomoy Bhattacharjee, Deputy Editor, Indian Express delivering concluding remarks at the Session 1: Exclusive discussion with experts on “India’s Export Scenario-Issues & Challenges” of the 3rd CII Export Summit 2012.
Moderator Mr T S Vishwanath, Principal Adviser, APJ-SLG Law Offices addressing at the Session 2: Positioning in the emerging Global Value Chain of the 3rd CII Export Summit 2012.
Dr. Jianye Wang, Chief Economist, EXIM Bank, China delivering Development of China’s External Trade at the Session 2: Positioning in the emerging Global Value Chain of the 3rd CII Export Summit 2012.
Mr. T C A Ranganathan, CMD, EXIM Bank of India delivering Repositioning in the Emerging Global Value Chain at the Session 2: Positioning in the emerging Global Value Chain of the 3rd CII Export Summit 2012.
Positioning in the emerging Global Value Chain - An Open House Discussion
Session Moderator Mr T S Vishwanath, Principal Adviser, APJ-SLG Law Offices delivering concluding remarks at the Session 2: Positioning in the emerging Global Value Chain of the 3rd CII Export Summit 2012.
Moderator Mr. Pranjal Sharma, Business Writer & Columnist addressing at the Session 3: SEZs: Engines of Growth of the 3rd CII Export Summit 2012.
Mr B Subbaiah, COO, Mahindra World City, Jaipur delivering SEZs: Engines of Growth at the Session 3: SEZs: Engines of Growth of the 3rd CII Export Summit 2012.
Mr. Anup Wadhawan, Joint Secretary, MOCI addressing at the Session 3: SEZs: Engines of Growth of the 3rd CII Export Summit 2012.
Mr. Sanjeet Singh, Director, Ministry of Commerce & Industry addressing at the Session 3: SEZs: Engines of Growth of the 3rd CII Export Summit 2012.
Mr K Pradeep Chandra, Principal Secretary, Industry, Andhra Pradesh addressing at the Session 3: SEZs: Engines of Growth of the 3rd CII Export Summit 2012.
SEZs: Engines of Growth - An Open House Discussion
Session Moderator Mr. Pranjal Sharma, Business Writer & Columnist delivering concluding remarks at the Session 3: SEZs: Engines of Growth of the 3rd CII Export Summit 2012.
Indian Exports: Open House with Policy Makers
Indian Exports: Open House with Policy Makers
Indian Exports: Open House with Policy Makers
Indian Exports: Open House with Policy Makers
Indian Exports - An Open House Discussion
Indian Exports: Open House with Policy Makers
Session Moderator Mr. Sanjay Budhia, Chairman, CII National Committee on Exports delivering concluding remarks at the Session 4: Indian Exports: Open House with Policy Makers of the 3rd CII Export Summit 2012.
 
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