Prime Minister Narendra Modi Friday asked the heads of Indian missions abroad, especially those in developed countries, to make a bigger push for merchandise exports in a bid to augment India’s manufacturing sector.
In his address to all the heads of missions, and other trade and commerce stakeholders, Modi pushed for greater integration between missions abroad and Indian exporters and manufacturers.
The message came a month after the Ministry of Commerce and Industry set an export target of $400 billion for the current fiscal year. During April-July this year, exports had risen to $130.56 billion against $75.10 billion in the same period last year.
To this end, Modi said the government has taken a “big decision” for exporters under which they will get a boost of about Rs 88,000 crore in the form of insurance cover.
The PM also said it is imperative to rationalise export incentives, to make Indian exports compliant with global trading rules under the World Trade Organisation (WTO).
Read More at https://theprint.in/diplomacy/modi-asks-indian-missions-abroad-to-make-big-push-for-brand-india-eyes-export-manufacturing-boost/710736/
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