Industry wants open and facilitative import environment to boost exports

The CII asks for policies to increase the country's share in the global merchandise trade by 2025 to 5 per cent from 1.7 per cent and in services export to 7 per cent from 3.5 per ent.

As the Centre plans to increase tariff on some imports, industry body Confederation of Indian Industry (CII) suggests an open and facilitative import environment on the lines of ASEAN, to make India an exporting hub. 

The CII calls for calibrating import duties carefully and asks for policies to increase the country’s share in the global merchandise trade by 2025 to 5 per cent from 1.7 per cent and in services export to 7 per cent from 3.5 per ent.

In its paper on “Reorienting India’s Export Endeavour in the Covid-19 World”, the industry body says there is a need for a calibrated