The Export Promotion Council for EOUs and SEZs (EPCES) plays a pivotal role in advocating for policies that streamline export processes for Export Oriented Units (EOUs) and Special Economic Zones (SEZs) in India. By engaging with the government and other stakeholders, EPCES ensures that the interests of these units are represented, leading to a more conducive environment for international trade.

Understanding EOUs and SEZs

Export Oriented Units (EOUs) are businesses established with the primary objective of exporting their entire production. They benefit from various incentives, including duty-free imports of raw materials and simplified customs procedures.

Special Economic Zones (SEZs), on the other hand, are designated areas within a country that possess special economic regulations differing from other regions. These zones aim to attract foreign investments and boost exports by offering benefits such as tax exemptions, infrastructure support, and relaxed labor laws.

EPCES: The Advocate for EOUs and SEZs

Established to promote and enhance exports from EOUs and SEZs, EPCES serves as a bridge between these units and the government. Its primary functions include:

1. Policy Advocacy: EPCES actively engages with government bodies to formulate and amend policies that favor export activities. By representing the collective voice of EOUs and SEZs, EPCES ensures that policy frameworks are aligned with the needs of exporters.

2. Capacity Building: Through workshops, seminars, and training sessions, EPCES equips exporters with the necessary knowledge and skills to navigate international markets effectively.

3. Information Dissemination: EPCES provides timely updates on policy changes, market trends, and other relevant information, enabling exporters to make informed decisions.

Impact of EPCES’s Policy Advocacy

EPCES’s persistent advocacy has led to significant policy reforms benefiting EOUs and SEZs:

• Exclusion from Certain DGFT Notifications: EPCES has emphasized the need to keep EOUs and SEZs outside the purview of Directorate General of Foreign Trade (DGFT) notifications that change import policies from “Free” to “Restricted.” This ensures that these units can continue their operations without abrupt regulatory hindrances.

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• Implementation of SEZ 2.0 and DESH Bill: EPCES has been instrumental in pushing for the fulfillment of the SEZ 2.0 framework and the Development of Enterprise and Service Hubs (DESH) Bill, aiming to revamp the existing SEZ Act to make it more export-friendly.

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Facts and Figures

The contributions of EOUs and SEZs to India’s export landscape are noteworthy:

• Export Performance: SEZs have consistently shown robust export performance. For instance, in the financial year 2022-2023, SEZs in India reported exports worth approximately USD 112 billion, marking a significant contribution to the country’s total exports.

• Employment Generation: SEZs have been pivotal in job creation, providing direct employment to over 2 million individuals as of 2023.

• Investment Attraction: By the end of 2023, SEZs had attracted cumulative investments exceeding USD 70 billion, underscoring their role as magnets for both domestic and foreign investments.

Altus Exports: Partnering with Indian Manufacturers for Global Success

While organizations like EPCES work towards creating a favorable policy environment, companies like Altus Exports assist manufacturers in capitalizing on these opportunities.

Altus Exports is dedicated to bringing India’s vibrant essence to the world by exporting high-quality textiles, handicrafts, chemicals, and food products. Their commitment to quality, sustainability, and customer satisfaction makes them an ideal partner for manufacturers aiming to establish a global presence.

How Altus Exports Can Assist Indian Manufacturers

1. Expertise in Finding Buyers: Altus Exports excels in identifying potential buyers across various international markets, leveraging their deep understanding of market trends and buyer behavior.

2. Access to Comprehensive Databases: With subscriptions to numerous databases and information sources, Altus Exports provides up-to-date market intelligence, identifying new opportunities and staying ahead of the competition.

3. Skilled Marketing Team: Their experienced marketing team promotes products in the international market using a blend of traditional and digital marketing techniques to generate leads and convert them into orders.

4. Extensive Network: Over the years, Altus Exports has built a vast network of contacts and partners across various industries and regions, facilitating smoother market entry and quicker establishment of products in new territories.

Partnering with Altus Exports

Manufacturers interested in expanding their global footprint can partner with Altus Exports by ensuring they produce export-quality products, possess the necessary documentation and certifications, and aspire for global expansion. Altus Exports acts as an extension of the manufacturer’s business, simplifying the complex process of exporting and helping tap into new markets with ease.

For more information on partnering opportunities, manufacturers can visit Altus Exports’ Manufacturer Partnership page.

Conclusion

EPCES’s relentless policy advocacy has significantly eased the export process for EOUs and SEZs, contributing to India’s economic growth. By collaborating with entities like Altus Exports, Indian manufacturers can further enhance their global reach, ensuring that the country’s rich array of products finds its rightful place in international markets.