EPCs seek better promotion of Brand India
The Dollar Business Bureau Fourteen Export Promotion Councils (EPCs) have sought the Union Government support in promoting Brand India on consistent basis during a meeting with Commerce & Industry Minister Nirmala Sitharaman on Tuesday. This meeting with the minister happened second time in a year. The minister took stock of the issues faced by the exporters and reviewed the current trend in exports. Sitharaman said, “The Government is committed to provide all the support to exporters to encourage exports from the country. We are going to hand hold sectors that need help. The Government will be focusing on six areas, including reviving Special Economic Zones (SEZs) and according priority sector status to export credit for boosting the overseas shipments in the next ...
India sets $340 billion merchandise export target for FY2014-15
The Dollar Business Bureau | @TheDollarBiz The Indian government is targeting a growth of 8% in merchandise exports to $340 billion in FY2014-15, according to Nirmala Sitharaman, Minister of Commerce, Government of India. In the Foreign Trade Policy (FTP) 2009-14, India had aimed at merchandise exports of $500 billion by FY2013-14 on the basis of strong growth fiver years ago, but revised the target last year to $325 billion due to a decline in industrial growth, higher cost of credit, rupee depreciation, and sluggish global economic growth. Sitharaman said that the Euro Zone Crisis and the global slowdown had an adverse impact on India’s overall trade last year, but India is better prepared now. “While the global environment still ...
