New Delhi: The Commerce and Industry Minister, Mr Anand Sharma, said on Sunday that the country's merchandise exports will cross the $200 billion target for 2010-11 and the Government is working with the industry to double India's exports of goods and services by 2014.
Speaking at the inaugural ceremony of the 30th India International Trade Fair 2010 here, Mr Sharma said, in this regard, he has asked the Commerce Department to develop a systematic plan for trade promotion.
“Sector-specific trade fairs need to be encouraged in those countries which have a demand for products in which Indian competitive strengths lies,” he said.
The Minister said work is on to build world class Exhibition and Convention facilities at Pragati Maidan and international airports in the National Capital Region, adding that his Ministry is pursuing the matter with the Urban Development Ministry and the Delhi Development Authority.
Mr Sharma said the India Trade Promotion Organisation, which is organising the Fair, needs to modernise itself.
He said the Pragati Maidan ground, where the Fair is being held, presents a unique locational advantage, adding that a transformational change in this venue will position India as a convention hub of Asia, just as Singapore, China, Malaysia and even Vietnam have developed.
“The work on this activity will commence early next year,” he said, adding, “Work has also started in the earnest in creating similar facility near the international airport and I hope that when we meet next year, we would already have seen some positive movements on both these projects.”
Clean energy focus
The theme of this year's Trade Fair is ‘Energytech and Envirotech: Clean and Energy Efficient Technology, Products and Services', embodies the next big challenge for the entire global community – to ensure growth and development which is sustainable and in harmony with nature, he said. Companies and officials from over 24 countries are taking part in the Fair.
Maharashtra is the Partner State for the Fair and there is a Special Focus on Rajasthan and Chhattisgarh as these States are bringing in new technologies, including in renewable energy and bio-fuels.
In the first six months of the current fiscal, India's exports grew by 27.6 per cent over the same period last year to $103 billion. Exports in services have jumped from $16 billion in 2001 to $100 billion last year. The Minister said the Government has given incentives for market diversification of exports and to labour intensive sectors.
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