CAPEXIL seeks nod from DGFT for issuing online RCMCs
The Dollar Business Bureau The Chemical and Allied Export Promotion Council of India (CAPEXIL) has requested the Directorate General of Foreign Trade to allow issuing online RCMCs (Registration Cum Membership Certificate) along with the online format of slightly-tweaked RCMC to adopt the digital set up. The DGFT on Friday announced it received a request from the CAPEXIL. The DGFT said it has examined the request and observed that it has not prescribed any specific mode i.e. manual or online, for the issuance of RCMCs by the Export Promotion Councils (EPC). “Accordingly, the question of granting permission for issuance of online RCMCs does not arise,” it said. The DGFT also clarified that for introducing online applications, its processing and subsequent issuance of a certificate, ...
A lot needs to be done to boost exports: Anant Geete
The Dollar Business Bureau Accepting that businesses in India are facing several challenges in foreign markets because of globally competitive environment, Heavy Industries and Public Enterprises Minister Anant Geete said on Thursday that a lot needs to be done to enhance the country's exports. “We need to do a lot in the direction of increasing exports. In this era of globalisation, competition has reached a global level. Our businesses are facing multiple challenges to sustain in the global competitive environment,” Geete said, while addressing an event organised by Chemical and Allied Export Promotion Council of India (CAPEXIL) in New Delhi. Speaking at the export awards ceremony event, J K Dadoo, Additional Secretary & Financial Advisor in Commerce Ministry said, “Unfortunately, the overall growth ...
Govt to focus on Ease of Doing Business for pushing exports
The Dollar Business Bureau The government is focused on facilitating Ease of Doing Business in the country so that the entrepreneurs, particularly in the MSME sector, can increase their efforts to enhance exports, Minister of Micro, Small & Medium Enterprises (MSME) Kalraj Mishra said. “Two months back, a radical simplification was carried out in the process of registration by creating an online Udyog Aadhar Portal which now only has one-page form. Online filing on this portal can be done in just three minutes to get registration without spending any money,” Mishra said. Highlighting the success of such steps on Ease of Doing Business, the MSME Minister said that the portal have registered more than 160,000 registrations within two months of ...
Rubber industry demands separate body to promote exports
Himanshu Vatsa | The Dollar Business Rubber industry has asked the government to form a separate body to promote exports of rubber products from India. The All India Rubber Industries Association (AIRIA) has submitted its demand to the Commerce Ministry, seeking a dedicated export promotion council to encourage manufacturing of rubber products and their overseas shipment to tap the international market. At present, the export of rubber products comes under the Chemicals and Allied Products export promotion council (Capexil). “We have sent a letter to the Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce and demanded that there should be a separate export promotion council for rubber industry. The matter is still under consideration,” Sanjay Sanghvi, Secretary ...
