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. The government has proposed to step up the implementation of PMMSY by enhancing aquaculture productivity from existing 3 tonne to 5 tonne per hectare, and setting up five integrated aqua parks.
Rs 3,76,288 crore has been the investment promise made by the international and national business persons present, as many as 188 MoUs have been signed and a large number of new industrial policies for creating an enabling environment have been announced, declares Mamata Banerjee
The commerce ministry plans to soft-launch the revamped electronic Bank Realisation Certificate (eBRC) on November 15. The eBRC is an essential document for exporters, confirming that they have received payment from a foreign buyer. The upgraded system will rely on electronic inward remittance messages transmitted directly by banks to the Directorate General of Foreign Trade (DGFT).
The Indian government's decision to extend export benefits under the RoDTEP scheme until June 2024 will have a positive impact on domestic manufacturing, exports, and job creation, according to Sanjay Budhia, Chairman of the CII national committee on EXIM. The scheme provides refunds for taxes, duties, and levies incurred by exporters in the manufacturing and distribution process. Budhia believes this move will boost exports, generate employment, and help establish India as a global manufacturing hub.
"Negotiating and implementing trade agreements and bilateral deals with G20 member countries may be helpful to tap potential between India and G20 countries. Such agreements can reduce trade barriers, tariffs, and regulatory hurdles, making it easier for Indian businesses to access foreign markets," Budhia said.