ASSOCHAM-EPCES sign MoU to promote SEZs

Posted by Daily Shipping Times on 26-02-2018        Tweet

NEW DELHI: Promotion Council for EOUs & SEZs (EPCES) and leading apex industry body, the Associated Chambers of Commerce & Industry of India (ASSOCHAM) inked a Memorandum of Understanding (MoU) in New Delhi.

As per the MoU, 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 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 and SEZs in India and making efforts to rope in international investors into Indian SEZs and EOUs.

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

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,” said Vinay Sharma.

“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,” he added.