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Chambers hail Exim policy

Our Bureau

NEW DELHI, March 31

THE apex chambers of commerce and industry have welcomed the pr-oactive and export-friendly Exim policy measures. Stating that the Exim policy had sought to create a framework for enhancing India's export capability, the President of he Federation of Indian Chambers of Commerce and Industry (FICCI), Mr R.S. Lodha, however underscored the need for time-bound implementation of all policy initiatives that had been outlined.

"The most encouraging aspect of the new look Exim policy is its focus on raising India's export competitiveness and initiating several bold measures to do so,'' he said. At the same time, he also felt that crucial issues relating to flexible labour laws in the context of SEZs and issues pertaining to infrastructure bottlenecks should have been addressed.

The Confederation of Indian Industry (CII) welcomed the continuation of all the existing export promotion and duty neutralisation schemes. The chamber also said that the measures announced for Special Economic Zones (SEZs) should be followed with quick implementation.

Welcoming the Exim policy, the PHDCCI President, Mr Arun Kapoor, said that the policy was much in line with the industry expectations. The policy measures will help the industry to plan ahead and give stimulus to export growth. He felt that the success of the policy would, however, depend on how well and how soon it was implemented and the desired support it would get from the States.

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