Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu has reviewed development of a strategy for revitalizing India's exports. He took stock of the latest export trends and expressed confidence over robust growth of total exports by 12.9% in 2017-18.
Prabhu has stated that trade events are being organised in African, Central and South American countries to find new markets for exports and to introduce new products, because of these measures, exports are continuously registering growth. Further, he reviewed the development of $100 Billion Additional Export Strategy focussing on Champion & Promising products and market retention. He added that this is envisaged as a multipronged sector wise strategy focussing on traditional and new products & markets.
The Minister further mentioned that Commodity Specific Strategy includes products like Gems &Jewellery, Leather, Textile& Apparel, Pharmaceuticals, Electronics, Engineering Sector, Chemical & Petrochemicals, Marine Products and Agriculture & Allied Products. It also noted that Territory Specific Strategy include regions like NAFTA, Europe, North East Asia, ASEAN, South Asia, Latin America, Africa& WANA, CIS, Australia and New Zealand.