Commerce and Industry Minister Piyush Goyal has said that a lot of export potential exists in the chemicals and allied sectors and it should make a combined effort to set higher goals and aspire for extraordinary results. He said the government has announced host of measures including mechanism to provide easy and timely availability of credit with affordable interest rates to exporters.
The minister said the industry should raise issue with the ministry if banks decline to provide loans at affordable rates. He noted that this is a listening government and it acts on the demands of the industry. He also asked the industry to explore new markets and push shipments of value added goods as there is a target to take exports to $1 trillion in the next five years.
Further, Goyal said he would take up industry's suggestion that a company should not be closed unless there is an order from the highest level. He has stated that Chemical and Allied Export Promotion Council of India (CAPEXIL) sector industries must embrace new technology and explore new markets, make value addition to the products that are being manufactured and not just remain in their comfort zone as manufactures and exporters of raw and basic products.