The Export Promotion Council for EOUs & SEZs (EPCES) plays a pivotal role in bolstering India’s export landscape by supporting Export Oriented Units (EOUs) and Special Economic Zones (SEZs). Established by the Ministry of Commerce and Industry, Government of India, EPCES is dedicated to servicing the export promotional needs of these entities, thereby contributing significantly to the nation’s economic growth.

Understanding EOUs and SEZs

Export Oriented Units (EOUs) are entities established with the objective of exporting their entire production of goods and services, except permissible sales in the Domestic Tariff Area (DTA). They benefit from various incentives and facilities offered under the Foreign Trade Policy.

Special Economic Zones (SEZs), on the other hand, are designated areas within the country that possess different economic regulations than the rest of the nation. These zones are created to attract foreign investments and promote exports by offering tax incentives and simpler compliance measures.

EPCES: A Catalyst for Export Growth

EPCES serves as a bridge between the industry and the government, addressing members’ queries related to the SEZ Act, EOUs, Foreign Trade Policy, and indirect taxes. The council actively takes up issues faced by EOUs and SEZs with various ministries and departments of both central and state governments.

One of the significant activities of EPCES includes organizing open houses, seminars, workshops, and webinars on areas of interest to its members. These events facilitate knowledge sharing and provide a platform for stakeholders to discuss challenges and opportunities in the export sector.

EPCES also plays a crucial role in organizing and participating in trade fairs and exhibitions, both in India and abroad. These events provide members with opportunities to showcase their products and services to a global audience, thereby enhancing their export potential.

Impact on Export Performance

As of March 31, 2024, EPCES boasts a membership of 5,971 entities, comprising 4,629 SEZ units, 958 EOUs, and 384 SEZ developers. These members represent a diverse range of sectors, including textiles, gems and jewellery, food and agro products, electronics, IT, pharmaceuticals, engineering, and more.

The collective efforts of EPCES and its members have significantly contributed to India’s export performance. EOUs and SEZs account for a substantial share of the country’s total exports, underscoring the effectiveness of the support and initiatives provided by EPCES.

Recent Initiatives and Developments

In recent years, EPCES has been instrumental in advocating for policy changes to benefit its members. For instance, the Refund of Duties and Taxes on Export Products (RoDTEP) scheme has been extended to SEZs and EOUs, providing much-needed relief and enhancing their competitiveness in the global market.

Additionally, mandatory Quality Control Orders issued by various ministries have been exempted for imports by SEZs and EOUs for export purposes. This exemption simplifies the compliance process and reduces operational hurdles for exporters.

Altus Exports: Partnering with Indian Manufacturers for Global Success

While organizations like EPCES provide a robust framework for export promotion, companies like Altus Exports offer specialized services to Indian manufacturers aiming to expand their global footprint.

Altus Exports is dedicated to sharing India’s vibrant culture and exceptional craftsmanship with the world. They offer a diverse range of products, including textiles, handicrafts, chemicals, food products, furniture, and gems & jewellery.

The company prioritizes quality at every step, from sourcing to packaging, ensuring that international buyers receive products that meet the highest standards. With a robust network of trusted suppliers, manufacturers, and artisans across India, Altus Exports provides swift responses to meet global demands.

How Indian Manufacturers Can Partner with Altus Exports

Altus Exports continuously seeks to form strategic alliances with manufacturers who share their commitment to excellence and global expansion. Ideal partners are those who produce export-quality products, aspire to establish a global presence, and possess the necessary documentation and certifications for seamless export operations.

By partnering with Altus Exports, manufacturers gain access to a dedicated export team that simplifies the complex process of exporting. Altus Exports excels in identifying potential buyers across various international markets, leveraging market intelligence, and utilizing a skilled marketing team to promote products globally.

Manufacturers interested in exploring a partnership can learn more by visiting Altus Exports’ Manufacturer Partnership page.

Conclusion

EPCES has been instrumental in driving export growth for EOUs and SEZs in India through its comprehensive support and advocacy initiatives. Complementing these efforts, companies like Altus Exports provide specialized services to Indian manufacturers, enabling them to navigate the complexities of international trade and achieve global success.