Summary:
Union Minister of Commerce and Industry, Mr. Piyush Goyal, praised exporters for their resilience and optimism in leveraging the ongoing global challenges as opportunities. Speaking to Export Promotion Councils (EPCs) and industry representatives, he reaffirmed the Government’s unwavering efforts to strengthen the future of Indian exports, both in goods and services, while safeguarding national interests. He emphasised that multiple bilateral trade negotiations are advancing simultaneously, aiming to provide Indian exporters with greater market access. Expressing confidence, he stated that the finalisation of key Free Trade Agreements (FTAs) would unlock new opportunities and drive higher investments.
Encouraging industry leaders to embrace a global perspective, he urged EPCs to shift away from protectionist measures and actively participate in international trade. He reiterated that the success of the Viksit Bharat Mission, which envisions a prosperous India, relies on aligning industry efforts with consumer demand for high-quality, competitive products and services. India is projected to exceed Rs. 69,50,400 crore (US$ 800 billion) in exports this year, with the services sector making a significant contribution. He encouraged merchandise exporters to broaden their global reach and reassured them of strong trade ties with the United States, inviting them to communicate their concerns for better governmental support. Highlighting the Export Promotion Mission outlined in the budget, he urged industry stakeholders to provide input on strategies for expanding exports through new products, untapped markets and emerging exporters.
Source: IBEF
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