Visakhapatnam: Andhra Pradesh accounted for 45 per cent of the country’s marine products being exported, according to Deputy Director General of Foreign Trade Alok Trivedi.
Addressing a one-day ‘Entrepreneurship development programme on exports’ for marine products cluster jointly organised by the Federation of Indian Export Organisation (FIEO) and Joint Director General of Foreign Trade here on Tuesday, he explained the various procedures for starting exports, documents needed, marine products exported from Visakhapatnam, selection, significance of IEC code, etc. as well as identifying international markets, market research, buyers, and quality control systems.
Assistant DG of Foreign Trade Punnam Kumar spoke on IEC code and the procedures to obtain it. He said the export market was getting a two to five per cent incentive. Export of fish and shrimp would get five per cent and ferro alloys three per cent as incentives, he said. Under export promotion capital goods scheme, capital goods could be imported without any customs duty, he pointed.