What is the function of Madhya Pradesh Trade Promotion Council?

1. Entrepreneurship development

2. Export Infrastructure development

3. Export Ecosystem development

Select the correct answer using the code given below:

The correct answer is 1, 2 and 3 correct.

Key Points

• The Madhya Pradesh Trade Promotion Council (MPTPC) is a state-level organization focused on enhancing exports from Madhya Pradesh by providing strategic support and policy interventions.
• It works towards entrepreneurship development by promoting local businesses and assisting them in accessing global markets.
• One of its core functions is export infrastructure development, which includes improving logistics, warehousing, and connectivity to facilitate seamless trade.
• The Council also focuses on strengthening the export ecosystem by offering training, capacity building, and market intelligence to exporters.
• The Madhya Pradesh Trade Promotion Council actively collaborates with central and state government agencies to achieve its objectives of boosting trade and exports.

Additional Information

• Export Promotion Councils (EPCs):
  • These are government-initiated councils designed to promote and support Indian exports in various sectors.
  • They provide guidance on international trade regulations and policies to exporters.
  • Examples include the Engineering Export Promotion Council (EEPC) and the Agricultural and Processed Food Products Export Development Authority (APEDA).
• Export Infrastructure:
  • Infrastructure like ports, roads, railways, and logistics hubs are critical for the smooth functioning of export activities.
  • Special Economic Zones (SEZs) and Export Promotion Industrial Parks (EPIPs) are initiatives aimed at creating robust export infrastructure.
• Entrepreneurship Development:
  • Entrepreneurship development programs aim to foster innovation and self-reliance among small and medium enterprises (SMEs).
  • Such programs often include skill development, mentoring, and access to financial resources.
• Export Ecosystem:
  • The export ecosystem includes all stakeholders involved in the export process, such as exporters, government agencies, logistics providers, and financial institutions.
  • A robust export ecosystem ensures competitiveness and sustainability in global markets.