Industry & Economy
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Exports & Imports
Export target set at $88 b for next fiscal
Our Bureau
New Delhi
,
Jan. 11
BUOYED up by the first nine months export performance of the current fiscal when exports are estimated to have crossed $53 billion, the Commerce Ministry has set the bar of performance a bit higher by fixing an export target of $88 billion for 2005-06, the penultimate year to the Tenth Five-Year Plan (2002-07).
The Commerce and Industry Minister, Mr Kamal Nath, according to an official release issued here, has been holding intense discussions and interaction with the export promotion councils and commodity boards concerned to finalise the targets sector-wise and commodity-wise for each of the next four years to enhance the country's exports to the level of $104 billion in 2006-07, $125 billion in 2007-08 and $150 billion in 2008-09.
Strategies to unlock the potential of agricultural exports from India would also be worked out alongside to cash in on the potentials of free trade in farm products once the protectionist walls of developed country markets are rung down, following the successful conclusion of the Doha round of trade talks by the end of this year.
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