Comments
India seems to be well on its target to reach the target of $400 billion worth of exports for the current financial year.
The country has almost reached the halfway mark (49.5 per cent) by the end of September 30, said Srikar K. Reddy, Joint Secretary, Union Ministry of Commerce and Industry.
Addressing a FTCCI (Federation of Telangana Chambers of Commerce and Industry) virtually on Saturday, he said the government set an export target of $400 billion for the current financial year.
“The Government is taking numerous measures to further increase exports to $1 trillion by 2027-28. The government is keen to provide more market access to Indian companies by facilitating free trade agreements. We are fast-tracking FTAs with countries like the UAE, Israel, the European Union, the UK, Australia and Canada,” he said.
He said that the FTA negotiations with the UAE were likely to be concluded by March 2022.
G Seetharam Reddy, Additional Director General of Foreign Trade (Union Ministry of Commerce) said that it was important to understand the rules and regulations of exports and imports to tap the opportunities available in international trade, a FTCCI statement has said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.