| Date: |
25-11-2010 |
| Subject: |
High-Level Panel to Review India Export Performance |
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The high-level Board of Trade (BOT) chaired by Commerce and Industry Minister Anand Sharma will meet here tomorrow to review India's export performance in the post-recession period and chalk out strategies for boosting the country's outward trade.
The discussions will also cover ways to leverage free trade agreements (FTAs), which India has entered into or is in the process of signing, for getting larger access for Indian products in global markets.
India's trade with South Korea, Singapore and other members of the Association of Southeast Asian Nations (ASEAN) has been liberalised in terms of the withdrawal or reduction of duty on certain items following the implementation of the FTAs.
The BoT comprises well-known industrialists, including Anand Mahindra of Mahindra and Mahindra, Onkar S Kanwar of Apollo Tyres, Kiran Mazumdar Shaw of Biocon, K Satish Reddy of Dr Reddy's Lab, Ramesh Chandra of Unitech and Yogi Deveshwar of ITC.
Reflecting the recovery in demand for Indian merchandise in world markets, the country's exports grew by 27.6 per cent to USD 103.3 billion in the first half of the current fiscal.
Consequently, the export target of USD 200 billion for 2010-11 is likely to be surpassed.
The Commerce Ministry is also working on a strategy to double exports to USD 400 billion by 2014.
Source : mydigitalfc.com
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