CommMin to resolve trade issues in Telangana

CommMin to resolve trade issues in Telangana
Highlights

Union Commerce Ministry is keen on resolving trade issues of exporters in Telangana pertaining to GST, service exports, etc, while facilitating exporters to enable them to compete in the global market, said Rita Teaotia, Commerce Secretary. 

Hyderabad: Union Commerce Ministry is keen on resolving trade issues of exporters in Telangana pertaining to GST, service exports, etc, while facilitating exporters to enable them to compete in the global market, said Rita Teaotia, Commerce Secretary.

Teotia has asked the Telangana government to prepare strategy for boosting exports from the state and to expand to different areas, in addition to pharma and IT. She suggested that value added products from agriculture-related industries should be promoted. The Commerce Ministry is open to work with Telangana on building infrastructure for promoting exports.

Speaking with the media after an interactive session with FIEO members here on Friday, Teaotia said: “We’ll work closely with Telangana government on resolving trade issues related to GST, services exports, etc. Telangana’s exports performance is quite encouraging in the last three years.

Services sector is leading the exports from the state. We have suggested to the Telangana government to come up with a strategy on exports, so that we’ll extend our support to boost foreign trade in the state.”

The secretary further said that the Commerce Ministry would work on three focused areas for boosting exports of the country. “We work with states on promoting exports, facilitating movement of goods in the domestic market. Second point is that trade facilitation including digitisation. The focus area would be enhancing quality of products. For this, we’ll work with Telangana on promoting exports of services, food processing, agriculture, textiles, etc.”

Earlier, the Commerce Secretary interacted with Federation of Indian Export Organisations (FIEO). Most of the issues pertaining to exports were discussed in the meeting, she said, while adding that “most of queries were related to GST issue. Streamlining process of GST and making it a trouble-free is our top priority.” Dr A Sakthivel, Regional Chairman, FIEO, said: “Though it’s a new state, Telangana is doing well in reaching GST compliance and taking measures to promote exports.”

Teaotia also held a meeting with Telangana government officials and discussed available options on increasing exports from the state. Teaotia asked the state government to send a team to the global exhibition on exports to be held in May in Mumbai.

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