Challenges in maintaining exim data discussed at CII Export Competitive Summit

Director General, Directorate General of Commercial Intelligence & Statistics Dr. Bandana Sen on Friday highlighted the challenges in maintaining accurate and reliable export-import data, citing issues such as discrepancies in country of origin, data volatility, and errors arising from customs entries and the new API portals.

Speaking at the Export Competitive Summit organised here by CII, she emphasized the importance of data-driven decision-making supported by robust interpretation and optimization techniques, noting that while data is freely available through various sources, better tools and collaboration with exporters are essential.

She acknowledged ongoing government reforms under the Ministry of Commerce aimed at improving ease of doing business and data correctness, including a 100-day reform program. She stressed the need for closer engagement with exporters and customs agents, proposing workshops and trade potential centers to address data issues and enhance export facilitation. Despite inherent volatility in trade data, DGCI is committed to leveraging advanced analytics and internal resources to support India’s growth as a leading economic hub driven by transparency and collaboration.

Deputy High Commissioner, AP & Telangana British Deputy High Commission, Hyderabad Gareth Wynn Owen during the Inaugural address focused on mutual benefits of the comprehensive India – UK FTA, noting that it will not only reduce tariffs but also simplify bureaucratic processes and non-tariff barriers, thus speeding up trade and increasing transparency. The agreement is expected to facilitate smoother short-term business mobility, address social security payment complexities for Indian workers in the UK, and encourage joint ventures and investments, thereby creating jobs and fostering inclusive growth.

Key sectors identified for growth include clean energy, electric vehicles, electronics, and engineering, aligned with Andhra Pradesh’s strategic vision under the leadership of its Honorable Chief Minister. The FTA will support these ambitions by opening new avenues for investment and collaboration.

Chairman of CII VisakhapatnamDVS Narayana Raju emphasized Visakhapatnam’s strategic importance as a key trade and industrial hub. He highlighted India’s ambitious goal to become a developed, high-income economy by 2047, with projected GDP growth driven by a shift toward services and manufacturing sectors, supported by advancements in technologies like AI and digital agriculture.

Former CII AP chairman G. Shiv Kumar spoke on India’s impressive export growth, with total exports reaching a record USD 824.9 billion in FY 2024-25, driven by strong performances in electronics, pharmaceuticals, engineering goods, and IT services. He emphasized key government initiatives like the National Logistics Policy and PM Gati Shakti, which are strengthening India’s export ecosystem, while noting ongoing challenges such as high logistics costs and the need to meet global sustainability standards.