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2010-12-01

Happy Year ahead for Indian Exports

Recently, the government announced that it was working on an ambitious plan to double merchandise exports to USD 400 billion by 2014.

"India's exports will touch USD 210 billion by the end of this current financial year and with the current growth being witnessed it will touch USD 1200 billion by the end of 2020. However, to drive the country’s exports to this level India will be needing quality manpower," FIEO  Director General Ajay Sahai said in a press release.   

He said this at a MoU signing event between FIEO and Birla Institute of Management Technology (BIMTECH) for cooperation in areas like capacity building, promoting excellence in knowledge sharing and development, training and professional education in the area of International business and trade.  

The MoU, as a part of which an eleven month diploma programme in Foreign trade will begin from April 15, aims at bridging various demands of the growing Indian economy, particularly the export sector, said Sahai.

India's merchandise exports dipped 4.7 percent to $176.5 billion for 2009-10 mainly due to the global meltdown. For the current fiscal, the government has set a target of $200 billion-worth merchandise exports; for the April-October period, total merchandise exports aggregated USD 121.4 billion.

Recently, the government announced that it was working on an ambitious plan to double merchandise exports to USD 400 billion by 2014.

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