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Govt to come out with strategy to double exports

Posted Date : 01-May-2011 , 11:27:43 am | Posted By CASANSAAR print Print

 Government will come out with a strategy in next few days to double the country's export to USD 450 billion by 2014.

Commerce and Industry Minister Anand Sharma said that within next three days, the government will come out with the "final strategy" for doubling the export in next three years.

Sharma made this announcement yesterday in Jodhpur, where he laid foundation stone of the Footwear Design and Development Institute (FDDI), an official statement said here.

The commerce ministry had sought comments from stakeholders on its strategy paper, which came out in February, for doubling exports to USD 450 billion by 2013-14.

The draft paper calls for setting up a technology upgrading fund, financial support to various sectors and special focus on new markets, besides clearing infrastructure bottlenecks.

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