The establishment of export promotion council (EPCs) is one major step taken for promotion and diversification of Indians export trade. The EPCs has been established with an object to develop a specialized effort in export promotion. The council assists in the promotion of export of a particular group of products, projects and services. They perform both advisory and executive function. The functions of all EPCs are more or less identical. However, every EPC performs functions relating to specific commodity with which it is directly connected.
The EPCs are registered under the Indian companies Act 1956 as non profit seeking quasi-government organizations to give direct institutional stimuli to the Indian exporter, producer and businessmen. The EPCs are also known as the Registering Authorities under the import policy for registered exporters. They also serve as a bridge between the government and industry for export development.
At present, there are 20 EPCs functioning in the country out of which 11 are under the ministry of commerce. These councils deal with various commodities like basic chemicals and allied products, cotton, textiles, handlooms, apparels, cashew, silk, marine products, carpets, leather manufactures, gems and jewellery, plastic and linoleum, spices, sports goods, engineering goods, tobacco, wools and woolen, handicrafts, electronics and computers software.
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