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Govt to prepare research report to boost exports in 10 geographies

The US and European Union account for about 25% of the country's total merchandise exports

Press Trust of India  |  New Delhi 


The commerce ministry would prepare a detailed report based on market research to promote to ten geographies, including and Latin America, a senior official said. The issue was discussed during a meeting between Commerce and Industry Minister and senior officials. "What we are doing is preparing a complete detail market research. itself will not do," the ministry official said. The Export-Import Bank of India (Exim Bank) would do the macro analysis and specifics will be done by some expert consultants. Recently, made a case for treating support measures to promote as an investment and not subsidies, arguing that outbound shipments contribute in a big way to boosting growth. in October had entered the negative zone again, dropping 1.12 per cent. The fall in shipment has been attributed to the liquidity problem being faced by exporters following the transition to goods and services tax. The United States (US) and the account for about 25 per cent of the country's total merchandise Experts said huge potential exists in regions like south-east Asia, and and a specific plan would help boost the shipments. "We should see the size of these markets, competitors, economic engagement with them, technical standards they follow and accordingly a strategy needs to be prepared," Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said.

First Published: Sun, December 03 2017. 15:14 IST