New Delhi: In order to promote the export of new age products and services in the field of telecommunication, the Centre has constituted a separate export promotion council. 

Telecom Equipments and Service Export Promotion Council (TEPC), constituted on recommendation of the Telecom Commission, will promote the export of the products in the field of telecom.

A corpus worth Rs 3 crore has been earmarked for the council.

The government had stressed on increasing exports of new age products in its new Export Policy. Announcing the government’s policy on Tuesday, the Union Commerce and Industry Minister Anand Sharma had said, “There is a better possibility for export of electronic products and the government will give more focus on this.”

The Centre aims to take export volume of these products to Rs 17 billion dollars by the financial year 2013-2014.

TEPC will be the nodal agency relating to the telecom equipments and services. It will work under the Union Commerce Ministry and will evaluate the possibility of export of these products and services abroad. 

Apart from that, the council will suggest the Centre and state governments about the direct and indirect taxes relating to the field of telecommunication.

The Centre has allocated a fund worth Rs 1 crore in lieu of Market Development Aid (MDA) for the council.
Presently, there are 63 members in the council. It will also render its services to the government in issues related to anti-doping and world trade.

Notably, the Telecom Ministry had proposed for its constitution in 2007.

(JPN/Bureau)