Surat is the third-largest recipient of EPCG licenses after Delhi, Mumbai: DGFT

SGCCI to set up an import-export counseling center

Surat: After Mumbai and Delhi, Surat is the third-largest recipient of the licenses under the Export Promotion Capital Goods (EPCG) scheme, said Additional Directorate General of Foreign Trade (DGFT), Virendra Singh, while inaugurating the first ‘Exporters’ Conclave’ at the Surat International Exhibition and Convention Centre (SIECC) at Sarsana here on Sunday.

 

As the Government of India is celebrating Azadi Ka Amrut Mohatsav to commemorate the 75th anniversary of India’s Independence, the Southern Gujarat Chamber of Commerce and Industry (SGCCI), the Gems and Jewellery Export Promotion Council (GJEPC), the Synthetic and Rayon Textile Export Promotion Council, Directorate General of Foreign Trade (DGFT) and the District Industries Centre (DIC) have jointly organized the ‘exporters’ conclave’ to promote various products and services and the government schemes to boost exports from Surat and South Gujarat region.

Addressing the large gathering at SIECC, Additional DGFT, Virendra Singh said, “Exporters can take an advance license under the Duty Exemption Scheme.  EPCG license can be obtained under the Advanced Authorization Scheme.  Surat is the third-largest recipient of EPCG licenses in India after Delhi and Mumbai.”

 

Singh added, “Now all the processes are online and exporters can get EPCG and advance authorization within just three days. Exporters have to look at supply and demand data before exporting goods.  It is very important to confirm the ITC HS code before exporting goods. In foreign countries, the ITC HS code is of eight digits, while in India it is of 6 digits. Exporters have to register with DGFT for the import-export of goods.”

President of SGCCI, Ashish Gujarati shared valuable information on the export scenario in the world, especially comparing the export figures of China and India. Gujarati stated that India’s total export was worth $314 billion in 2020, while China’s export was $3,000 billion. “This means, China’s export is 10 times higher than of India. When the world is going to expand its supply chain over countries other than China, India has a great opportunity. Now the developed countries of the world and the consuming countries want to build a new supply chain for the goods they produce and this could be a win-win situation for Indian Exporters” said Gujarati.

Gujarati announced that the SGCCI is keen to set up an export-import counseling center for the importers and exporters of Surat and South Gujarat. SGCCI will be preparing detailed data of import and export from the South Gujarat region and that will be presented to the DGFT and the concerned ministries.

Dhiraj Shah, Chairman, SRTEPC, briefed the exporters about the export of synthetic rayon textiles.  “It is easier to export than to do business,” said Shah. “The export of synthetic rayon textiles in the world is worth $750 billion, while India is exporting only $30 billion worth of goods. Therefore, there is a huge opportunity for the exporters from Surat. The SRTEPC is also helping the exporters in marketing their products worldwide” added Shah.

Ends