Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > Govt to prepare detailed research report to promote exports

Govt to prepare detailed research report to promote exports

Monday, December 04, 2017

The commerce ministry would prepare a detailed report based on market research to promote exports to ten geographies including East Africa and Latin America, a senior official said.

The issue was discussed during a meeting between Commerce and Industry Minister Suresh Prabhu and senior Exim Bank officials.

"What we are doing is prepare a complete detail market research. Exim Bank itself will not do," the ministry official said.

The Export-Import Bank of India (Exim Bank) would do the macro analysis and specifics will be done by some expert consultants.

Recently, Prabhu made a case for treating support measures to promote exports as investment and not subsidies, arguing that outbound shipments contribute in a big way to boosting growth.

Exports in October had entered the negative zone again, dropping 1.12%. The fall in shipment has been attributed to the liquidity problem being faced by exporters following the transition to Goods and Services Tax.

The US and the European Union account for about 25% of the country's total merchandise exports. Experts said huge potential exists in regions like south east Asia, East Africa and Latin America and specific plan would help boost the shipments.

"We should see the size of these markets, competitors, economic engagement with them, technical standards they follow and accordingly a strategy needs to be prepared," Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said.
 

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
Saves mother in latest courageous act, to follow ...
Bhandari community, cow vigilance committee took
Given a minimum sentence of 10-years RI because ...
I am a 20-year-old guy having a love affair with
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)The ruling emotion today will be passion. You will feel like chatting with your beloved the whole day. However, you will incur expenses and Ganesha advises you to remain balanced. But if you have decided already to go the whole hog, make fully sure you are in the right trappings. You will thereby experience love and warmth for one and all.
- Advertising -
Read More