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Export Target set at $160 billion
THE Union Commerce ministry is upbeat that exports would cross the $ 160 billion target this financial year, ending March, 2008, as against $ 12 5 billion achieved last year. With India being perceived as a huge market by every single country, the ministry is initiating steps to boost exports, especially due to its potential to generate incremental employment.
Union commerce secretary, G K Pillai said India as a huge market, is attracting global attention. All the countries in the world, are looking at India to prosper, as in its progress lay their prosperity too, he added. Speaking at an export award function, organized by the Madras Export Processing Zone-Special Economic Zone here, on Saturday, he said the ministry would facilitate in every way to help achieve the ambitious export target. Even the appreciating rupee is not a concern as the department is working to provide an enabling environment, he added.
The ministry has decided to conduct a micro-analysis of the affected sectors and identify those needing government help. This micro analysis has been initiated to ascertain, which of the sub sectors are getting affected, by the appreciating rupee. “Unless we do this, we will not know how much help they need,” he said. The study would be conducted by the month-end through the Export Promotion Council he added.
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