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Pharmexcil to reduce average export value to Rs. 20 cr to make MSME members eligible for Council's chairman post
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Swati Rana, Mumbai
September 21 , 2016
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The Pharmaceuticals Export Promotion Council of India (Pharmexcil) at
its 12th annual general body meeting, to be held on September 23, 2016
in Hyderabad, will have a final discussion on the proposed amendment in
the Council’s article 4.2 to reduce the average export turnover from Rs.
100 crore to Rs. 20 crore to make MSME members eligible for contesting
for the post of chairman and vice chairman of the Council.
The
Council had earlier proposed an amendment in eligibility criteria for
the post of chairman and vice chairman by reducing the average export
value of Rs. 100 crore to Rs. 20 crore for its MSME members.
As
per article 4.2 of the Council, any person having annual export turnover
of Rs. 100 crore can stand for the election as chairman or vice
chairman. As per the said article, the large section of the MSME was
deprived of the right to become the chairman or the vice chairman
because the small and medium manufacture exporters were not able to meet
the target of Rs. 100 crore.
In May, 2016, the Committee of
Administration (CoA) members had written a letter to the Union commerce
ministry to intervene in the election procedure of the Council and
informed about Rs. 100 crore export turnover as the eligibility criteria
to become the chairman of the Council. It informed the ministry that
due to this criteria, many of the interested MSME members were not
eligible for the election to the Council’s chairman post.
Considering
the issue, the Council has come up with the amendment in its article to
reduce the export turnover to Rs. 20 crore to give an equal opportunity
to its MSME members. The Council will be having a final discussion and
approval of the proposed amendment in article 4.2 in its annual general
body meeting.
As per the proposed amendment in article 4.2 (b),
where a person is standing for election as chairman or vice chairman,
he/she, or the entity represented him/her, must have, to his/her or its
credit, during the last three financial years immediately preceding, an
average export value of not less than Rs. 100 crore (one hundred
crore)/Rs. 20 crore (Rupees twenty crore) in case he/she, or the entity
represented by him/her is a small & medium scale manufacture
exporter.
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