The Management Development Program on Export Strategy for Entrepreneurs, organized at Sportking Institute of Fashion Technology (SIFT), concluded today.
The focal points were Special Economics Zones (SUEZ) Act 2005, SUEZ economics zone rules 2006, fresh scheme in foreign trade guidelines, performance of textile and clothing sector and corporate social duty in international business.
L B Singhal, Director General, Export Promotion Council for Export Oriented Units (EOUs) and SUEZ units, conferred presentation on proportional advantages of setting up units in SUEZ/EOUs.
He emphasized that SEZs are foremost associates in creation of jobs and offered guidance towards many tax benefits and exemption from duties.
It is significant for exporters of Punjab to recognize relative merits of SEZs, said Singhal.
Dr Chaman Dhanda (IIFT) spoke on corporate's social duties in international trade and programme of UNDP and World Bank progamme to cover business plans for small and medium business, social issues and other matters that are significant in business with developed nations.
Neeraj Kumar Gupta, Additional Director General Foreign Trade (Policy division) spoke on new scheme in foreign trade policy.
Neeraj emphasized two ways of overcoming taxes and duties incurred by an exporter to export his goods. Solitary mode is in the form of duty drawback, advance license scheme, and a different method is by giving certain inducement to the exporters.
K K Jalan, Secretary General, Apparel Export Promotion Council (AEPC) presented the valedictory address.
He spoke of proposals in textile segment being measured by the Ministry of Textiles. Dr.A K Srivastava, Director SIFT, presented vote of thanks.
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