EXPANDING THE SER­VICES IN­DUS­TRY

The Cen­tre is ag­gres­sively push­ing for al­low­ing pro­fes­sion­als to travel for ser­vice de­liv­ery as that would open a very big mar­ket for In­dia, said Mr. Suresh Prabhu, Union Min­is­ter of Com­merce & In­dus­try.

Assocham Bulletin - - GOVERNMENT INTERACNONS -

How can we have ser­vice de­liv­ery with­out phys­i­cal pres­ence of a pro­fes­sional. We can trans­port a good or mer­chan­dise with­out the per­son be­ing there but we can­not ren­der a ser­vice un­less the per­son is pre­sent there, so we are push­ing that glob­ally", said Mr. Prabhu while in­au­gu­rat­ing the ASSOC HAM Ser­vices Ex­cel­lence Sum­mit on July 26,2018.

''It's a big mar­ket and huge op­por­tu­nity if lawyers, doc­tors, tech­ni­cians, char­tered ac­coun­tants, ar­chi­tects and oth­ers are able to go and ren­der ser­vices in­ter­na­tion­ally", he added.

Mr. Prabhu how­ever said that it is very crit­i­cal for In­dia to im­prove stan­dards of qual­ity ed­u­ca­tion to be able to de­liver ef­fec­tive qual­ity ser­vice.

He fur­ther said that cre­at­ing top-class pro­fes­sion­als was im­per­a­tive as govern­ment will not suc­ceed merely by pro­vid­ing ac­cess to mar­kets by mak­ing agree­ments. "So I think we should try to work on that."

The Union Min­is­ter also in­formed that from now on Free Trade Agree­ments (FTAs) or any type of agree­ments that govern­ment signs would not re­main con­fined to goods but also in­clude ser­vices as that would open a huge vista for In­dia.

He also sug­gested sel­f­reg­u­la­tion is the best way for in­dus­try to set stan­dards for it­self to im­prove ser­vicede­liv­ery to global play­ers. "Like for ASSOCHAM, if a par­tic­u­lar com­pany in an in­dus­try is not com­ply­ing with spec­i­fied stan­dards, it will not be our mem­ber, that is th~ only way you can spec­ify stan­dards."

Mr. Prabhu also in­formed that his Min­istry has al­ready pre­pared a plan to boost In­dia's eco­nomic growth whereby when coun­try's econ­omy would be worth $10 tril­lion in an­other 15-16 years from now, ser­vices sec­tor would ac­count for at least $6 tril­lion plus.

He added that for this, the Union Cab­i­net has al­ready ap­proved INR 5,000 crore to be in­vested in development of 12 cham­pion sec­tors of ser­vices. "We have al­ready iden­ti­fied the states from where the ser­vices will come, which are those ser­vices which will have a value of up scal­ing so that they can be used glob­ally and there­fore we are al­ready work­ing on im­ple­men­ta­tion of this plan."

The Min­is­ter also in­formed that many of these sec­tors have pre­pared their com­pre­hen­sive ac­tion plans and the Govern­ment is thus work­ing with both the in­dus­try and the states.

He said that at a time when mer­chan­dise ex­ports are fac­ing their big­gest ever chal­lenge glob­ally be­cause of var­i­ous fac­tors in­flu­enc­ing the global trade, In­dian ex­ports are ris­ing ow­ing to a proper strat­egy. "This is what I have been work­ing on for last six-seven months that which coun­try will ex­port, what prod­uct will ex­port and that all de­pends upon mar­ket re­search and for that now im­ple­men­ta­tion of study has al­ready hap­pened."

He in­formed that while his Min­istry held first meet­ing with East-African coun­tries in Uganda about four months back, an­other one in South­ern Africa, it was now meet­ing West and North Africa.

"In ad­di­tion, with Latin Amer­ica we have al­ready done that with 20 coun­tries and now we are go­ing to cen­tral Asia to pro­mote ex­ports there." Mr. Prabhu said that in last few months it­self he has met and in­ter­acted with at least 150 coun­tries' min­is­ters and del­e­ga­tions to pro­mote ex­ports, which isn ow de­liv­er­ing con­crete results.

"At a time when world ex­ports in­clud­ing Ja­pan is fac­ing se­ri­ous chal­lenge as their ex­ports are de­clin­ing, China and ev­ery coun­try is fac­ing prob­lem but in that con­text In­dia's ex­ports are show­ing good results but we would like to make sure that we will also do more as ser­vices will be the ma­jor driver of global econ­omy." He also said that Com­merce and In­dus­try Min­istry is ag­gres­sively work­ing in to set stan­dards for all prod­ucts and ser­vices that are made and de­liv­ered. "If you do not have qual­ity, no­body is go­ing to ac­cept your ser­vices. Qual­ity is go­ing to be im­por­tant be­cause with­out that we will not be able to pro­vide those ser­vices nei­ther in In­dia nor glob­ally and there­fore ser­vice qual­ity is go­ing to be ex­tremely im por­tan t and in­dus­try must fo­cus on it", con­cluded Mr. Prabhu.

Mr. Suresh Prabhu, Min­is­ter for Com­merce and In­dus­tryau­di­ence.

Mr. Suresh Prabhu, Min­is­ter for Com­merce and In­dus­try re­leas­ing the Sum­mit Back­ground Pa­per along with (L-R)Mr. D. S. Rawat, Sec­re­tary Gen­eral, Mr. Ravi Wig, Chair­man, In­dia - SAARC and BIMSTECBusi­ness Pro­mo­tion Coun­cil, CMA Rakesh Singh, Co-chair­man, Ut­tar Pradesh Chap­ter, ASSOCHAM and Mr. K. K. Gupta, Di­rec­tor, Resur­gent In­dia Lim­ited.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.