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Tuesday, Jun 11, 2002

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Priority for quality in exports stressed

Our Bureau

NEW DELHI, June 10

EXPORT promotion bodies including all export promotion councils (EPCs) and commodity boards today expressed confidence over achieving a higher export growth during financial year 2002-03 in comparison with the export performance of last fiscal.

At a meeting on `Export target and strategies for the year 2002-03' held under the chairmanship of the Commerce Secretary, Mr Dipak Chatterjee, the chairpersons of the various councils and commodity boards gave feedback on the actual performance in their respective sectors during the last financial year. Export trends during the current year as well as the strategies devised by these bodies for achieving higher growth during 2002-03 were also discussed at the meeting.

Mr Chatterjee underlined the need for giving highest priority to quality aspects in order to achieve higher unit value realisation in exports.

The Chairman of the Engineering Export Promotion Council (EEPC), Mr Jaspal Singh Bhasin, told Business Line that EEPC has suggested an export target of $ 6.6 billion for the engineering goods and services sector during financial year 2002-03. This represents a nearly 12 per cent growth to the export performance of $ 5.94 billion recorded in 2001-02.

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