GST will create pace for industrial growth: Commerce Secretary

LUDHIANA: Federation of Indian Export Organisations (FIEO) organized an interaction with Rita A Teotia, Commerce Secretary of the union government at a city hotel on Wednesday. The objective for the interaction was to address various issues faced by exporters and discuss midterm review of foreign trade Policy 2015-2020.

During her address Teotia said, “The government is working constantly for the progressive business needs of the country. Regulatory framework is followed by the government agencies to positively impact the business operations in favourable conditions, which is the prime role and objective of government. Issues raised & discussed by the Industry members during the interaction will surely be looked upon”

Commenting on the GST imposed on exports, commerce secretary said , “With the recent GST implementation, the government is trying to create a pace for the industrial growth. Department of Revenue is now in line with the government at Center level, so as to act as a single governing agency and benefit the industry. Fresh notifications regarding the GST, are being worked out for implementation at the earliest. Exporting community needs to widen their scope and bridge their gaps through the support of Export Promotion Councils. Both the, Central and State Governments will work in active collaboration with each other, in order to materialize the future plans of export promotion by states”
Rahul Ahuja, Convener, FIEO Punjab State Committee, while sharing his views said that “With the implementation of GST, the exporters have come across various difficulties and we are happy that Government has considered our requests on priority. We compliment Commerce Secretary for her whole hearted support to address the exporter’s issues which resulted in announcement made by GST council earlier this month” More than 100 exporters were present on this ocassion.

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