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Export Development Fund (EDF)

Following the announcement of the Prime Minister on June, 21-22, 2000 at Shillong, an Export Development of Fund (EDF) has been set up for promotion of the export development in the North Eastern Region including Sikkim. The fund was set up initially with a corpus of Rs 5 crores and thereafter further contribution to the fund is to be provided by the Ministry of Commerce & Industry from any other budgetary or non budgetary sources of the government which is to be managed by the Agriculture & Processed Food Products Export Development Authority (APEDA) under the instruction of the Department of Commerce.
(For details please see Appendix-I).

Achievements:The Department of Trade and Commerce has so far, after thorough examination forwarded seventeen (17) proposals to Director, States Cell, Ministry of Commerce Govt. of India for consideration in the Empowered Committee Meeting. Till now, none of proposals has been considered by the Govt. of India.

Setting up of World Trade Centre (WTC) in Itanagar

The World Trade Centre, Mumbai (WTCM) which is the lone Centre in entire Country is very much interested to set up one more such centre in the state of Arunachal Pradesh at Itanagar in view of the high potentiality of Border Trade scope in the region in tune with “Look East Policy” of the Central Government. The W.T.C can facilitate in numerous ways, such as, holding of business exhibitions, Business centre with rooms for holding meetings, conferences, workshops, video conferencing, W.T.C club, undertaking research studies and dissemination of information through on-line, periodicals, training in foreign languages and taking and receiving trade missions. Moreover the WTC can be a catalyst for all round development of the region, such as, renewal of urban areas, attraction of new business in the region, boosting of airport and air traffic and enhancing the trade capabilities of the trading community of the region.

Achievements:The Govt. of Arunachal Pradesh has so far appointed Shri Tokong Pertin, the Director of Trade & Commerce, Govt. of Arunachal Pradesh, and Itanagar as the Nodal officer to coordinate with the W.T.C in this regard. Meanwhile, the Department is taking up with the Deputy Commissioner, Papum Pare District, Yupia for locating and allotment of land within the vicinity of the capital complex for setting up of WTC in Itanagar which is under active process.

   
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