By K Ashwin Mobile: 09920183006 Email: firstname.lastname@example.org
Under the auspices of the Ministry of Commerce & Industry, The Plastics Export Promotion Council (PLEXCONCIL) organised an “Export Awareness Seminar” in the city in association with Plastic Manufacturers Association Rajasthan (PMAR) on Saturday, to give a boost to plastic exports from the State. Joint Director General Foreign Trade, Jaipur, Mr. C.K. Mishra was the Chief Guest at the event. Present at the occasion were Mr. Vikram Bhadauria, Regional Chairman, Mr. Sumer Singh, President, PMAR, Mr. Manoj Agarwal, Board Member and former Chairman of PLEXCONCIL, and other senior officials from O/o Ministry of Commerce & Industry, Ministry of MSME, DGFT, and ECGC Ltd.
The objective of the seminar was to highlight & explain the export potential of the plastic industry, with particular emphasis on the export potential of plastic items produced in Rajasthan.
The various schemes & policies implemented by Department of Commerce, Ministry of Commerce & Industry, the Ministry of MSME and ECGC Ltd. to promote exports were highlighted at the seminar.
PLEXCONCIL highlighted the major markets for export of plastic items produced in and around Jaipur, the financial assistance available for exports and basic guidance on how to export in order to encourage the plastic processors in Jaipur to enter exports. The various trade fairs organized abroad by the Council, and the Buyer-Seller Meet to be organized in Mumbai, where the Council will be inviting foreign buyers from over 35 countries during CAPINDIA 2019 exhibition, was also highlighted at the seminar.
Mr. Vikram Bhadauria, Regional Chairman, PLEXCONCIL, in his welcome address emphasized the importance of exports in a challenging economic environment, with globalization and reduction in import duties under the various Free Trade Agreements being signed by India, making it essential for organisations to be internationally competitive for survival in the long run. Export opportunities for plastic goods in the international market is huge, with the total global import of plastics being around US$ 1000 billion, and our share being just a little over 1%, with total plastic export of US$ 10.98 billion from the country in the last financial year. He urged all Plastic Processors present to come forward and tap this huge opportunity, stating that PLEXCONCIL is there to hand hold a new comer and provide all the guidance to be successful in exports.
Mr. Manoj Agarwal, Board Member and former Chairman of the Council, gave valuable insights on what is really required to be successful in exports. He spoke about the experience of his own organization, and how it has grown over the years, with exports being the main objective rather than trying to export one’s surplus production. The FIBC sector, which he represents, plans its production first for export, and then looks at domestic demand, and this as per him was one of the key factors for success in exports. It is really a change in the mindset, by treating exports as your major activity, as per him.
Jt. Director General Foreign Trade, Jaipur, Mr. C.K. Mishra, highlighted the Advance Authorisation Scheme, and Export Promotion Capital Goods Scheme (EPCG) of the Government under which raw materials and capital goods required for export production could be imported on duty free basis.
Mr. Sumer Singh, President, Plastic Manufacturers Association Rajasthan, highlighted some of the issues faced by the plastics industry in Rajasthan, and also urged members of his association to seriously consider entering exports and take the guidance from PLEXCONCIL in this regard.
The seminar also highlighted the services offered by ECGC to protect the exporter from default in payment by the buyer.