Finance Minister Nirmala Sitharaman asks states to ease logistics burden on exporters
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Union finance minister Nirmala Sitharaman has asked states to adopt a multi-modal approach and ensure logistics did not become a burden on exporters. She said the PM Gati Shakti was a beautiful protocol with which a synergy could be brought in. She also said the commerce ministry was working on getting an export policy that would help the exporters by giving them incentives and promoting many things.
Sitharaman said ‘there’s a repetitive and very relevant line that the commerce minister refers to … 'We can’t be exporting taxes.' We also should identify ways in which those taxes - whether Centre, State or local - that are on these products should be removed so that we don’t burden their exporters’. She noted that the governments did not get much revenue from those products but burdened the exporters nevertheless. She also said the growing cost of electricity and logistics was also affecting the exports.
The minister said with better roads and ports coming… electronic facilitation for the customs operations coming…surely, the logistics element is being addressed little by little. State governments should also spend some time to see that logistics doesn’t become a burden on exporters.
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