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Originally conceptualised as 'catalysts' to boost India's exports, Export Promotion Councils are
today perceived by many exporters as agencies that lack dynamism to revitalise India's exports. The Dollar Business investigates whether these
councils are doing justice to their existence and if sceptics are only looking at the glass half empty.
www.thedollarbusiness.com Vol.3 Issue 07 July 2016 100 $2
K. T. RAMA RAO Minister for IT, Industries & Commerce,
Government of TelanganaNIANKORO YEAH SAMAKE
Ambassador, Republic of Mali to IndiaM. RAJAGOPALAN
Director – Market Dev. (Middle East & Asia), Wärtsilä India Ltd.
JULIAN MICHAEL BEVISSenior Director – South Asia, Maersk Group
R. K. DALMIASenior President and CFO, Century Textiles
& Chairman, TEXPROCILAMIT DAWAR
Director (VAS), DHL Global Forwarding...AND MORE!
EXCLUSIVE INSIDE
INDIA'SEPCs:
A GLASS HALF
FULL?
FOREIGN TRADE . EXPORTS . IMPORTS
MangoThe king of 'profitable' exports!
Limited by circumstances, not by potential
Pigeon Peas Low domestic production = High importsWatch out for price volality. And be patient.
24x7 Customs ClearanceA great idea largely on paper still! Need to align all stakeholders first
ww
w.thedollarbusiness.com
Vol.3 Issue 07 July 2016 100 $2 RNI: APENG
/2014/54643
8 THE DOLLAR BUSINESS II JULY 2016
Volume: 3 Issue: 07 July 2016
www.thedollarbusiness.com
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COVER STORY 40
Originally conceptualised as ‘catalysts’ to boost India’s exports, Export Promotion Councils (EPCs) have for long been perceived to be agencies that lacked dynamism to effectively impact exports across industries. Many exporters still perceive their association with EPCs as a matter of policy compulsion. The Dollar Business investigates whether across industries, India’s EPCs are doing justice to their existence and the trust of lakhs of exporters in the country.
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EDITORIAL & RESEARCHEditor : Manish K. PandeyExecutive Editor : Indranil DasAssociate Editor (Print) : Andres M. MolierAssociate Editor (Online) : Sheela MamidennaSr. Assistant Editor (Print) : Sisir Kumar PradhanAssistant Editors (Print) : Neha Dewan, Ahmad Shariq Khan, Sairaj IyerAssistant Editors (Online) : N. Sharath Chowdary, Aamir Hussain KakiPrincipal Correspondent : Deepak KumarCorrespondents : Aadhira Anandh M., Jasleen Kaur, Pooja Jain, Sania Ashraf
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© Copyright 2016No part of this magazine may be reproduced in whole or in part without an ex-pressed permission of the publisher. The information on this magazine is for information purpose only. Manish K. Pandey, Editor, The Dollar Business, is re-sponsible for the selection of news and content under PRB Act. Vimbri Media Pvt. Ltd. assumes no liability or responsibility for any inaccurate, delayed or incomplete information, or for any actions taken in reliance thereon. The information contained about each individual, event or organisation has been provided by such individual, event organisers or organisation without verification by us. All disputes are subject to exclusive jurisdiction of competent courts and forums in Hyderabad, Telangana.Printed and published by Avnish Goyal for Vimbri Media Pvt. Ltd. Published at 5-2-198/4, Distillery Road, Ranigunj, Secunderabad - 500 003, Telangana.
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EPCsARE THEY PLAYING THEIR PART?
JULY 2016 II THE DOLLAR BUSINESS 9
INBOX LETTERS TO THE EDITORReaders’ feedback, criticism, and appreciation that hit our mailboxes in June 2016
MONOLOGUE PEOPLE SPEAKFrom David Cameron on Brexit to Narendra Modi on India-US relationship and more...
GLOBAL TRADE The impact of UK leaving the EU; China’s ambition to grow its robot density through a German acquisi-tion and much more...
INDIA TRADE From Raghuram Rajan’s decision to step down as Governor of RBI, to India opening up more sectors for FDI and more...
SPOTLIGHTTHE REPUBLIC OF MALIThis West African economy relies heavily on gold and cotton exports
IMPORTO’NOMICSPIGEON PEASEven as retail prices increase, importers make thin margins
SECRET INGREDIENTMANGOESThis juicy fruit has found many markets despite restrictions
CASE STUDYWAKRO ORGANIC TEA A startup that has won accolades and brought several social changes
POLICY FOCUS24X7 CUSTOMS CLEARANCE
Is it a distant dream or a sweet reality? The Dollar Business finds...
DOCKYARDKAKINADA CONT. TERMINALThe Dollar Business surveys the new terminal to figure out what it means to Kakinda Seaport.
TDB FORUMQuestions about foreign trade that hit our mail box in June 2016
DATEBOOKSome trade shows you shouldn’t miss out in India and abroad in July and August 2016
BORDERLINEEDITOR’S COLUMNWill the new 0/20 rule help Indian airlines spread their wings?
TDB POWER SERIES CONCLAVE 2016-17 The inaugural edition of TDB Power Series Conclave, held on June 23, in Hyderabad, discussed the ways & means to develop the country as the next global export-manufacturing hub
NIANKORO YEAH SAMAKETHE REPUBLIC OF MALI’S AMBASSADOR TO INDIAOn his hopes to strengthen bilateral trade and beyond
K. T. RAMA RAOMINISTER FOR IT E&C, MA & UD, INDUSTRIES & COMMERCE, PUBLIC ENTERPRISES, MINES & GEOLOGY, AND NRI AFFAIRS, TELANGANATalks about his government’s vision and aspirations for India’s youngest state
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M. RAJAGOPALANMARKET DEVELOPMENT DIRECTOR (MIDDLE EAST & ASIA) AT WÄRTSILÄTalks about the future of energy in Indian subcontinent
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40 THE DOLLAR BUSINESS II JULY 2016
COVER STORY EXPORT PROMOTION COUNCILS
ARE THEY PLAYING THEIR PART?
BY THE DOLLAR BUSINESS INTELLIGENCE UNIT
EPCsOriginally conceptualised as 'catalysts' to boost India's exports, Export Promotion Councils have for long been perceived to be agencies that lack dynamism to effectively impact exports across industries. Many exporters still perceive their association with EPCs as a matter of policy compulsion. But little known is the fact that while these EPCs are diligently carrying out their mandated roles of training and disseminating information to India's exporters, they – despite being government agencies – are literally, left to survive and thrive on their own. The Dollar Business investigates whether across industries, India's EPCs are doing justice to their existence and the trust of lakhs of exporters in the country.
JULY 2016 II THE DOLLAR BUSINESS 41
FIE
O
APPAREL EXPORT PROMOTION COUNCILCARPET EXPORT PROMOTION COUNCIL
BASIC CHEMICALS, PHARMACEUTICALS & COSMETICS EPCCASHEW EXPORT PROMOTION COUNCIL OF INDIA
THE COTTON TEXTILES EXPORT PROMOTION COUNCIL
CAPEXIL
COIR BOARDCOFFEE BOARDSPICES BOARDTEA BOARDTOBACCO BOARDTHE RUBBER BOARD
MARINE PRODUCTS EXPORT DEVELOPMENT AUTHORITY
COUNCIL FOR LEATHER EXPORTS
ENGINEERING EXPORT PROMOTION COUNCILHANDLOOM EXPORT PROMOTION COUNCIL
IOPEA
SERVICES EXPORT PROMOTION COUNCIL
ELECTRONICS & COMPUTER SOFTWARE EPC
PHARMACEUTICALS EXPORT PROMOTION COUNCIL
EXPORT PROMOTION COUNCIL FOR HANDICRAFTS THE INDIAN SILK
EXPORT PROMOTION
COUNCIL
JUTE MANUFACTURERS DEVELOPMENT COUNCILTHE PLASTICS EXPORT PROMOTION COUNCIL
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
PROJECT EXPORTS PROMOTION COUNCIL OF INDIA
WOOL INDUSTRY EXPORT PROMOTION COUNCILEXPORT PROMOTION
COUNCIL FOR EOUS & SEZ UNITS
THE SPORTS GOODS EXPORT PROMOTION COUNCIL
SYNTHETIC & RAYON TEXTILESEXPORT PROMOTION COUNCIL
POWERLOOM DEVELOPMENT & EXPORT PROMOTION COUNCIL
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