CNBC-TV18 gives away 4^th International Trade Awards 2011

Honors the Indian Trade Industry in association with and DHL.

March 29, 2011:

CNBC-TV18, India's No. 1 business medium in association with DHL, the world's leading Logistics Company, recently presented the fourth edition of India's most authoritative and comprehensive 'International Trade Awards 2011'. The awards were graced by Minister of State for Commerce and Industry Jyotiraditya Scindia in New Delhi.

The International Trade Awards 2011 recognized Indian importers and exporters who exhibited their brilliance at the International Trade facilitation in India. These are esteemed awards that recognize the potential of the nation's best traders and felicitate them for their unparalleled contribution towards Indian economy.

Speaking at the event, Jyotiraditya Scindia said, “The world is at an economic crossroad and the world stage is changing. The new world order is being heralded by the southern hemisphere rather than the northern hemisphere. With South-South trade is increasing, Asian economies are getting stronger and leading the world economic engine. There is a renewed sense of confidence opportunity and entrepreneurship amongst the industry. Not just cross border trade but even cross border investment is increasing.  The goal is to increase the percentage of export from each country while encouraging healthy government industry relations”.

He further added, “With the first phase in place, transaction cost has decreased by Rs. 2100 crores. With 23 of the 44 identified issues solved, Phase two is all about looking at a further reduction of cost of more than what was achieved in Phase one.”

Speaking about Free Trade Agreement (FTA), Jyotiraditya Scindia, said, “We have done FTAs with Japan, Malaysia and Singapore. We have seven to eight FTAs on the anvil with nations including New Zealand, Israel, Tunisia and the European Union. They are pretty much across the board.”

Speaking on the occasion, Anil Uniyal, CEO, CNBC-TV18 and CNBC AWAAZ said, “We are proud to partner with DHL for the fourth edition of International Trade Awards 2011. The Awards will represent the finest of the International Trading Community and highlight their extraordinary achievements. As we continue to honour and recognize innovation and excellence showcased by the Indian entrepreneurs at a global platform, we feel equally privileged in watching the custodians of 'Brand India' being rewarded for making their mark globally."

Adding further, R.S. Subramanian, Country Head, DHL Express India said, “DHL India is proud to have created this platform to honour the outstanding entrepreneurs who have braved the times, set new benchmarks and brought a lot of credence to the “Made in India” tag. The International Trade Awards 2011 acknowledges all the fore runners on whose resilience we can only be sure that India will sustain its growth momentum. ”

Walking the tightrope, the Commerce Ministry is determined to execute their entrepreneurial skills to grow the Indian import and export businesses. However, one of biggest challenges in current circumstance that arises is 'Can India's exports touch the $500 bn mark by 2015?'

An esteemed panel discussion comprising of Ramu Deora, President, Federation of Indian Export Organization; R. C. Bhargava, Maruti Suzuki India Limited; R. S. Subramanian, Country Head, DHL Express along with Jyotiraditya Scindia, Hon. Minister of State for Commerce and Industry discussed the importance of international trade and the relevance of trade licensing on a single portal.

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