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Fibre2Fashion
Published
Oct 21, 2022
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CII calls for lowering freight, power costs for Indian exporters

By
Fibre2Fashion
Published
Oct 21, 2022

The Confederation of Indian Industry yesterday suggested to the government several measures, including lowering freight and power costs for exporters and setting up a shipping regulator, to promote exports. CII national committee on export-import chairman Sanjay Budhia also sought fast-tracking establishment of an export promotion body.



Budhia, managing director of the Patton Group, told CII's National Exports Summit that there is also a need to conduct an internal export promotion and marketing exercise to get more businesses on the export markets.

"Can we consider lower freight and power costs for exporters? It is not required to have subsidies but calibrated rates so that exporters are not cross subsidising other consumers. In this regard, including electricity costs under GST [goods and services tax] could be a way out to lower tax incidence," Budhia said.

The government can consider a carve-out under the National Logistics Policy for investment in trade-related infrastructure and states should be encouraged to work on industrial park infrastructure, connectivity modes and faster clearances, he said.

The country also needs its own shipping regulator and shipping line to protect Indian exporters during turbulent times, he added.

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