Commissioners appointed by several States to boost exports
The Centre’s aim to achieve the $900 billion exports target by 2019-20, got a major boost with as many as 21 states appointing export commissioners and another 14 framing strategies to increase outward shipments. Madhya Pradesh and Gujarat, have already sent their export strategies and the commissioners of other states would also come up with strategies for easing of bottlenecks and development of infrastructure through appropriate allocation of resources. The Centre on its part has asked the nodal officers to work in tandem with the state governments and prepare a list of projects, which will support exports growth in the wake of continued contraction in exports. India's exports dipped by 20.19 per cent in May to $22.34 billion for the sixth month in a row. Exports during May, 2015 were valued at $22346.75 million (Rs. 142572.92 crore) which was 20.19% lower in $ terms (14.14 per cent lower in rupee terms) than the level of $27998.50 million (Rs. 166045.09 crore) during May, 2014. Cumulative value of exports for the period April-May 2015-16 $44401.47 million (Rs 280973.36 crore) as against $53632.58 million (Rs 320763.69 crore) registering a negative growth of 17.21% in $ terms and 12.40% in rupee terms over the same period last year.
June 30, 2015 | 8:33 pm IST.
to success.