Sunday, July 16, 2017

Govt. clears three export infra plans

With deficient infrastructure severely hurting the competitiveness of India’s exports, the Centre – for the first time under a new scheme launched in March to address the problem — has given its approval for three proposals including one to establish an Integrated Cargo Terminal (ICT) at the Imphal International Airport.

The other applications that received the green signal from an (Inter-Ministerial) Empowered Committee (EC) chaired by Commerce Secretary Rita Teaotia were: modernisation of infrastructure facility in Karnataka for marine exports – where the total cost is ?13.34 crore; and construction of a new ‘Standard Design Factory’ building at Cochin Special Economic Zone (SEZ) for which a total of ?61.63 crore will have to be spent, official sources told The Hindu.

The EC on ‘Trade Infrastructure for Export Scheme (TIES)’ — in its first ever meeting that was held on June 9 — deferred on technical grounds an application to set up “the first dedicated facility” in India to test medical devices.

This is proposed to be established at the Andhra Pradesh Med Tech Zone in Visakhapatnam – with four separate facilities at a total cost of about ?169 crore.

The Indian medical device market was worth about $4 billion in 2015 and exports of these items from India were close to $1 billion (in 2016).
16/07/17 Arun S/The Hindu