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Budget 2021: Trade infrastructure should be increased for export scheme, says CII

Budget 2021: Trade infrastructure should be increased for export scheme, says CII

Budget 2021: India’s share in goods exports needs to be increased to 5 percent by 2025

Budget 2021: In view of the contribution of the Export Infrastructure for Export Scheme (TIES) to increase exports, it should be extended for another three years and should be included under the National Infrastructure Pipeline. Budget Memorandum 2021-22. The government introduced the trade infrastructure for the export scheme in 2017 with an outlay of Rs 600 crore. The purpose of the plan was to upgrade infrastructure such as land customs stations, export storage in special economic zones, last-mile connectivity as well as certification laboratories. It was introduced for a period of three years which is now over. ()Read also: Budget 2021: Share of merchandise exports should be increased from 1.67% to 5% )

Efficient trading infrastructure helps reduce costs and increases the competitiveness of exports in the international market. It also enhances the reliability of exporters in timely delivery of consignments. CII also suggests that a complete list of projects needed to improve the facilities associated with major export manufacturing centers, special economic zones, as well as industrial parks and ports under the TIES is required to be prepared.

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The government should also consider creating 5-10 special manufacturing zones or clusters for export in sectors like textiles, leather, gems and jewelery, toys etc. Economic manufacturing zones will be able to attract export-oriented foreign direct investment (FDI) for export. ) And domestic investment. There is also a need to fast-track coastal economic zones as the NITI Aayog Action Plan. According to CII, MSMEs with 70 percent turnover from exports should be given a special status, which will give them various incentives such as subsidized land, fast clearances, cheaper finance etc. in the export promotion zone or cluster.

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