New Delhi, 23rd February, 2018: Promotion Council for EOUs & SEZs (EPCES) and leading Apex Industry body, The Associated Chambers of Commerce & Industry of India (ASSOCHAM) today inked a MoU in New Delhi.
As per the MoU, the two organizations would collaborate together to actualize a shared agenda consisting of wide ranging activities of mutual benefits.
EPCES is the umbrella Organisation representing the EOU/SEZ Sector, which approximately has 6,000 operational EOUs/SEZ Units/ SEZ Developers spread all over the country, contributing over US $87 billion to country’s export basket (amounting to approximately 30% of national exports). The SEZ sector in the country that registered a growth of 23% in exports in January 2018 vis a vis the same period in 2017, for FY 2017-18, registered a growth of 16% over the preceding year. In recent times, EPCES has played a key role in taking up issues affecting EOUs/SEZs with various Ministries like Commerce, Finance, CBEC, CBDT, RBI, State Governments etc.
The Associated Chambers of Commerce and Industry of India (ASSOCHAM), the oldest, largest and Apex Industry body, having in its fold over 400 Chambers and Trade Associations, and serving over 4.5 lakh members across India, represents the interests of trade and commerce in India, and acts as an interface between industry and the government. The leading industry body acts as an effective intermediary between industry, government and other relevant stakeholders on policy issues and initiatives. These are some of the win wins, the newly signed MoU would seek to achieve for the EPCES.
Speaking on the occasion, Vinay Sharma, Officiating Chairman EPCES said, “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 of the country. And in this regard, I am fully confident that the agreement signed today would henceforth play a catalytic role in furthering this shared vision of the two organizations. 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 6,000 EOUs/SEZ Units/ SEZ Developers spread across the country.”
“In terms of exchange of information, 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”, Sharma 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 onboard now, we believe, the voice of the SEZ and EOU sector is set to not only get more powers but added leverage and recognition among policy circles in the coming days.”
Under the MoU, the major areas identified for mutual win wins include, sharing common information relating to the SEZs & EOUs businesses, collectively organizing events both in India and beyond, for optimum costing, better visibility for its members. Besides that, 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.