E-Paper
Parliamentary panel reviews India-US trade ties, discusses export finance and insurance support
In a recent meeting in Raipur, a Parliamentary Standing Committee on Commerce engaged with key financial institutions to boost India-US trade relations.
Prefer HTon Google
A Parliamentary Standing Committee on Commerce headed by Rajya Sabha member Dola Sen held consultations in Raipur as part of its study on India-US trade relations, with discussions focusing on financial assistance, credit availability and insurance support for agricultural and processed food exports.
The meeting was organised as part of the committee’s June 10-12 study tour covering Ahmedabad, Raipur and Bhubaneswar.
According to an official statement, committee members reviewed various aspects of bilateral trade, investment, exports, imports and economic cooperation between India and the United States.
Focus on exporters' access to finance
Representatives from Punjab National Bank, Bank of India, the Agriculture Insurance Company of India and the National Bank for Agriculture and Rural Development (NABARD) participated in the discussions.
The institutions shared information about financial services, credit products, insurance schemes and risk-management mechanisms available to exporters of agricultural and processed food products.
Committee members also discussed measures aimed at improving exporters’ access to institutional finance and insurance support.
Assessment of trade relations
The study visit is intended to help the committee gather inputs from stakeholders and officials before preparing a report on India-US trade relations.
Participants discussed issues related to export promotion, improving access to finance for farmers and entrepreneurs, and enhancing the competitiveness of Indian agricultural products in international markets.
The committee also reviewed steps being taken to strengthen support systems for exporters and improve the availability of financial and insurance services.
MPs participate in deliberations
Several members of the Parliamentary Standing Committee attended the meeting and shared their views on issues linked to trade, exports and financial support mechanisms.
The committee is expected to compile inputs received during the study tour into a report on India-US trade relations and related policy measures.
