Financial Daily from THE HINDU group of publications
Saturday, Apr 23, 2005
Financial Daily from THE HINDU group of publications Saturday, Apr 23, 2005 |
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Industry & Economy
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Foreign Trade Export groups to get online links within 6 months Our Bureau
Hyderabad , April 22 AN electronic data interchange (EDI) platform linking all major community partners such as Director-General of Foreign Trade (DGFT), customs, banks and export promotion councils would be put in place by six months. This platform would facilitate Web-based filing, retrieval and verification, cutting down on procedural delays and saving time and effort for exporters. Addressing an interactive meeting on the new Export-Import Policy at the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) here on Thursday, Mr K.T. Chacko, DGFT, said this was one of the recommendations made by the committee that looked into procedural simplification and reduction of transaction costs. The committee, headed by the DGFT, had submitted its report recently. It suggested setting up of a fast track mechanism for clearances, examination, testing quarantine, and packaging by all agencies to facilitate import and export of perishable cargo. Mr Chacko said some 13 certifying agencies needed to come on to a single platform to ensure comprehensive online facilitation. He said the new policy was aimed at engaging the States with dialogue. Coherence and consistency among trade and other economic policies of both the Union and the States were important for maximising the contribution of such policies. On the Vishesh Krishi Upaj Yojana, Mr Chacko said the appeal from the Hyderabad exporters with regard to extending the scheme could not be met. "Everything can't be tackled at one go. We may consider it later," he said.
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