India’s foreign trade fraternity celebrates Make in India initiative

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New Delhi, Aug 27: India's foreign trade fraternity celebrated the 2nd Edition of The Dollar Business Power Series Conclave 2016-17, at New Delhi with a focus on 'Make in India, Make for the World'

Aug 25, New Delhi-The Dollar Business, India's most exclusive platform on foreign trade in India, hosted its Monsoon Edition of 'The Dollar Business Power Series Conclave 2016-17'at The Grand, Vasant Kunj. The title of the conclave was 'Make in India, Make for the World'.

Ever since the 'MAKE IN INDIA' initiative was launched by the Prime Minister in 2014, it has become a prime talking point in industry circles. The government and the industry both acknowledge and appreciate that to boost our GDP there is an urgent need to create an enabling manufacturing and services exports environment and especially during a time when exports from India have beenon a decline for more than a year-and-a-half.

The conclave brought together the finest minds from the Indian government and industry to identify and understand factors that could help India's exports grow, and help tackle many-a-challenge that India's foreign trade community is facing at present.

Discussions were centred around policy and tax reforms like GST, the need to diversify our export basket and destinations, alternatives to our traditional first world export destinations, challenges of tariff and non-tariff barriers including IPR, need for increased FDI to boost manufacturing, e-commerce, and the utilisation of SEZs and FTAs, etc.

The conclave was attended by several C-suite executives, leaders and entrepreneurs from the export-import fraternity, and witnessed deliberations on various issues affecting the industry.

The second edition of The Dollar Business Power Series Conclave therefore brought together some of the finest names from the industry and the government addressing vital focal areas related to India's manufacturing and foreign trade, namely:

Shri Steven Philip Warner, President (VMPL) and Editor-in-Chief of The Dollar Business, who spoke on the need to support key industries, MSMEs, and take steps to encourage and educate exporters across India's Export temples, besides explaining the manner in which exports from the country is in a weaker state than imagined.

Shri Digvijaya Singh, Member of Parliament in Rajya Sabha and General Secretary of the Indian National Congress, who spoke on improvements that are needed to make India's manufacturing and services exports stronger, and what the current government needs to work on to make India's manufacturing a force to reckon with around the world.

Dr. L. B.Singhal, Development Commissioner, Noida SEZ, Department of Commerce, Government of India, who praised the government's 'Make in India' initiative and explained how SEZs are and can further assist the programme in achieving set targets.

Hon. H.E. Mr. Georges de La Roche, Ambassador of Guatemala to India, Ministry of Foreign Affairs, Guatemala, who discussed India and Guatemala's and Central America's need to increase bilateral commerce and general relations.

Shri Mithileshwar Thakur,Additional Director General, Directorate of Anti-Dumping and Allied Duties, Ministry of Commerce and Industry, Government of India,who talked about challenges faced by India's manufacturing sector, apart from discussing strategies to tackle them.

Shri Ajay Sahai, Director General & CEO, Federation of Indian Export Organisations (FIEO), who spoke on various strategies that could be adopted by export-manufacturers while taking advantage of the Make in India movement initiated by the government. He highlighted various sectors that could lead the way and how challenging is India's exports target of $900 billion by 2020.

Shri Sanjiv Sawla,Chairman, Indian Oilseeds & Produce Export Promotion Council (IOPEPC), who delivered some wonderful insights into every facet ofoil seed production and vegetable oil exports, and how India's agri and food processing sector participants could take advantage of what global consumers have to demand.

Hon. H. E. Jan Luykx, Ambassador of Belgium to India, Ministry of Foreign Affairs, Belgium, who presented his views on the 'Make in India' campaign and discussed why India assumes a significant position as a trading partner to Belgium.

Shri Anil Sankhwal, Regional Chairman, The Gem & Jewellery Export Promotion Council (GJEPC), Ministry of Commerce, Government of India,who spoke on the role of SMEs in Make in India initiative, and especially in helping exports from India's jewellery industry grow.

The Conclave initiated some positive discussions on India's export-manufacturing.It witnessed views on developing future strategies to contribute to India's growing 'globalised' economy.

About The Dollar Business

The Dollar Business is the most exclusive platform on foreign trade in India. It offers everything that exporters, importers and those in the manufacturing and services sectors would have ever wished to see at one place - from News that is of total importance to Indian exporters and importers to a magazine that features EXIM product ideas worth millions of dollars every month, from India's most exclusive International Marketplace that assures any business an unbeatable edge of attention from verified buyers-seller from around the world to a Forum that gives exporters and importers an opportunity to raise their voices against issues affecting their business.

And what is perhaps the one feature that highlights The Dollar Business' efforts to further the cause of India's exporters is its Grow Programme, which is a part of the Membership Programmes that The Dollar Business has launched.

The USP of this exclusive feature is that all club members get access to unbeatable analyses and in-depth, actionable research from TDB Intelligence Unit, an opportunity to interact with an expert panel to clarify all their doubts with respect to foreign trade, and a dedicated account manager, besides many others!

In short, The Dollar Business of today is not only for those who want to conquer the world of foreign trade, but is also for those who need a calculated launchpad to tap into the global consumer base!

To read more, log on to www.thedollarbusiness.com

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