1. You Are At:
  2. Home
  3. India News
  4. It’s a misconception that India is subsidising exports: Union Minister Suresh Prabhu

It’s a misconception that India is subsidising exports: Union Minister Suresh Prabhu

The minister also added that India was fully complying with WTO guidelines and there was no question of violating them.

Edited by: India TV Business Desk, New Delhi [ Updated: July 07, 2018 17:14 IST ]

Suresh Prabhu

Dispelling the notion in the western countries that India subsidised its exports, Union Minister for Commerce and Civil Aviation Suresh Prabhu on Saturday said that the government was merely trying to mitigate the adversities of the exporters, which did not tantamount to subsidising of exports from India, specifically farm products.  

The minister also added that India was fully complying with WTO guidelines and there was no question of violating them.

 “It is a misconception that we subsidise our exports. We are fully WTO compliant and not at all violating those”, Suresh Prabhu said at a an event in Kolkata.

The minister also pointed out that the OECD countries were giving more subsidises to their farmers, particularly in the export of agriculture products. 

“Should it not be so that when India exports its agriculture products to other countries, those importing nations deter themselves from subsidising those items?” Suresh Prabhu asked.

Stressing on agriculture, Prabhu said it was important to provide market access to the farmers for which the highest standard of safety was needed to overcome the non-tariff barriers (NTBs). 

The government was already working on a craft agriculture policy to double farmers’ income, he said.  “The commerce department is already working on the development of standards. The standard in the Western countries is very high “, he said. 

Unless the highest standard was not adhered to, it would be difficult to do exports, he added. 

He also said there would be no market access and realisation of better prices. 

Prabhu also said that the ministry was also working on preparing an integrated logistics plan to reduce costs and increase speed and efficiency. 

Earlier speaking at a CII event, he said that the ministry was preparing separate plans for the manufacture of drones and planes in the country.

(With PTI inputs)

Write a comment