Modi in Nhava Sheva on Saturday. (PTI)
Nhava Sheva (Maharashtra), Aug. 16 (PTI): Prime Minister Narendra Modi today said states would soon be allowed to form their own export promotion councils and urged the Centre and the states to work in tandem to give a fresh thrust to exports.
He also stressed upon the need for swift removal of obstacles stalling the special economic zones (SEZs).
“We at the Centre have to team up with the state governments for export promotion and the states should also work hard individually to help drive exports,” Modi said.
He was addressing a gathering after laying the foundation stone of the Jawaharlal Nehru Port Trust SEZ here.
Modi said the Centre had recently convened a meeting with states to identify the bottlenecks in exports. States would now get the right to set up their own export promotion councils to drive foreign trade at the local level, hinting that they should not depend solely on central government interventions.
At present, the commerce ministry at the Centre plays the role of a facilitator to push exports.
The states, Modi said, should also compete with each other to enhance exports and focus on the development of markets abroad, he said.
The Prime Minister said a high-level team has been constituted to review the problems of SEZs and resolve them at the earliest.
Meanwhile, finance minister Arun Jaitley today said the ballooning subsidy bill needed to be lowered by rationalising dole-outs.
Stating that the government should not be doling out pre-poll populist measures that increase the subsidy bill, Jaitley said, “If we waive off loans, empty the government treasury, and destroy economic discipline, then I feel this would not help the economy.”