|
Online edition of India's National Newspaper Wednesday, May 17, 2000 |
|
Front Page |
National |
International |
Regional |
Opinion |
Business |
Sport |
Miscellaneous |
Classifieds |
Employment |
Index |
Home |
|
Business
| Previous
| Next
Maran calls for big market access programme
By Our Special Correspondent
NEW DELHI, MAY 16. The Union Commerce and Industry Minister, Mr.
Murasoli Maran, has said India must put in place a massive market
access programme together with a strategy to enhance the
country's export capabilities and competitiveness. This is in
view of the fact that market access issues have emerged as
``strategic issues'' in the world economy today much more than at
any time in the past.
Citing the example of the U.S. to underline the importance of the
market access issues, Mr. Maran has pointed out that one of the
lesser known trade assistance programmes practised by the U.S.
government is its market access programme under which U.S. tax
payers spend about $100 million annually underwriting the costs
of advertising American products abroad.
For example, in 1991, $465,000 were spent on advertising
McDonald's Chicken McNuggets, $2.9 million promoting Pillsbury
muffins and pies and $10 million touting sunkissed oranges.
Taxpayers have paid for ads for Gallo Wine, Miller beer,
Campbell's soup and Mars candy bars. At one point, U.S. raisin
growers received $4 million to advertise in Japan, an amount that
exceeded the Commerce Department's entire Japan Budget.
Exports of wine from California have increased in the last 10
years to $300 million per annum from a mere $25 million, he said,
thanks to aggressive marketing.
Sharing this information with export award winners at a recent
function here, Mr. Maran also pointed to the study by the
Congressional Budget Office in 1995 which brought out the fact
that the U.S. spends $28 billion a year in promoting commerce and
business.
In his Senate confirmation hearings in January 1997, the then
Commerce Secretary designate, Mr. William Daley, conceded that
$250 million of Commerce Department export promotion in the
previous four years resulted in over $40 billion in overseas
sales. ``We need to take steps to make Indian products fill up
the shelves in the stores around the world in larger numbers,
greater volumes and as more conspicuously recognisable Indian
brands,'' the Minister said.
Send this article to Friends by E-Mail
|
|
Section : Business Previous : Technology for better customer service - Vepa Kamesam Next : New thrust to Indo-Australian business relations | |
|
Front Page |
National |
International |
Regional |
Opinion |
Business |
Sport |
Miscellaneous |
Classifieds |
Employment |
Index |
Home | |
|
Copyright © 2000 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu |
|