ACHIEV­ING NEW HEIGHTS

Assocham Bulletin - - ECON­OMY -

Pro­mo­tion Coun­cil for EOUs & SEZs (EPCES) and lead­ing Apex In­dus­try body, The As­so­ci­ated Cham­bers of Com­merce & In­dus­try of In­dia (AS­SOCHAM) to­day inked a Mem­o­ran­dum of Un­der­stand­ing (MoU) in New Delhi.

As per the Mo U, both AS­SOCHAM and EPCES would col­lab­o­rate to­gether to ac­tu­al­ize a shared agenda con­sist­ing of wide rang­ing ac­tiv­i­ties of mu­tual ben­e­fits. These are some of the win wins, the newly signed MoU would seek to achieve for both the or­gan­i­sa­tions.

Un­der the MoU, the ma­jor ar­eas iden­ti­fied for mu­tual win wins in­clude, shar­ing com­mon in­for­ma­tion re­lat­ing to the SEZs & EOUs busi­nesses, col­lec­tively or­gan­is­ing events both in In­dia and be­yond, for op­ti­mum cost­ing, bet­ter vis­i­bil­ity for its mem­bers. Be­sidesthat, jointly en­ter­ing trade del­e­ga­tions to var­i­ous coun­tries for wider reach and aware­ness about the EOUs & SEZs in In­dia and mak­ing ef­forts to rope in in­ter­na­tional in­vestors into In­dian SEZs&EOUs.

The SEZ sec­tor in the coun­try reg­is­tered a growth of 23per cent in ex­ports in­Jan­uary 2018vis-a-vis the same pe­riod in 2017, for FY 2017-18,reg­is­tered a growth of 16 per cent over the pre­ced­ing year.

Speak­ing on the oc­ca­sion, Dr. Vi­nay Sharma, of­fi­ci­at­ing chair­man, EPCES­said, "There has long been a need felt to ef­fec­tively tap the ben­e­fits of the al­ready ex­ist­ing syn­er­gies be­tween EPCES and AS­SOCHAM - the two lead­ing in­dus­try bod­ies ofthe coun­try. And in this re­gard, I am fully con­fi­dent that the agree­ment signed to­day would hence­forth playa cat­alytic role in fur­ther­ing this shared vi­sion of the two or­gan­i­sa­tions."

"Go­ing for­ward, I am cer­tain that the ben­e­fits en­vi­sioned un­der the MoU would act as an ef­fec­tive spring­board, adding fur­ther im­pe­tus to the ef­forts of all of our 6,000EOUs/ SEZ Units/ SEZ De­vel­op­ers spread across the coun­try," said Dr. Sharma.

"In terms of ex­change of in­forma tion, for­mu­lat­ing mu­tu­ally ben­e­fi­cial win-wins and fa­cil­i­tat­ing each other's busi­ness in­ter­ests in re­spec­tive do­mains, the new as­so­ci­a­tion would be in­stru­men­tal in ac­cel­er­at­ing the growth of the SEZ/EOU fra­ter­nity in the coun­try," he added.

Mr. D. S. Rawat, Sec­re­tary Gen­eral, AS­SOCHAM said, "Apart from a fo­cus on fos­ter­ing con­ducive en­vi­ron­ment for the growth of trade and in­dus­try of In­dia, one of the im­por­tant goal of AS­SOCHAM has al­ways been to pro­mote in­ter­na­tional trade, re­duce trade bar­ri­ers, raise con­cerns of ex­port­ing fra­ter­nity at all ap­pro­pri­ate fora, and for all such cases."

"With EPCES on board now, we be­lieve, the voice of the SEZand EOU sec­tor is set to not only get more pow­ers but added lever­age and recog­ni­tion among pol­icy cir­cles in the com­ing days," said Mr. Rawat.

Mr. D. S. Rawat, Sec­re­tary Gen­eral, AS­SOCHAM and Dr. Vi­nay Sharma, Chair­man, EPCESwith se­nior mem­bers of AS­SOCHAM at a MoU sign­ing cer­e­mony held in New Delhi.

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