NE BUSINESS BUREAU
GANDHINAGAR, DEC 20
While global trade took a hit during the COVID-19 pandemic, Indian exports showed a turnaround after December last year and are still going strong, a Commerce Ministry official said here on Monday.
આ અવસરે મુખ્યમંત્રીશ્રીએ સ્પષ્ટ મત વ્યક્ત કર્યો હતો કે નિકાસ પ્રેરિત વિકાસ અર્થ વ્યવસ્થાને મજબૂત બનાવે છે તથા દેશની કુલ નિકાસમાં 30% યોગદાન સાથે ભારતને નિકાસલક્ષી અર્થતંત્ર બનાવવાના પ્રધાનમંત્રીશ્રી નરેન્દ્ર મોદીના સ્વપ્નને સાકાર કરવામાં ગુજરાત મહત્વપૂર્ણ ભૂમિકા ભજવી રહ્યું છે. pic.twitter.com/R9M77p13bK
— CMO Gujarat (@CMOGuj) December 20, 2021
While presenting promising figures about Indian trade and exports, Joint Secretary in the Department of Commerce Amitabh Kumar also stressed on increasing India’s share in global exports, which currently stand 1.6 percent, and also highlighted the need to change the duty structure for some goods.
Live: SnehMilan program organised by Shri Sardar Patel Seva Dal, Kalol https://t.co/GZl69hJPpQ
— Bhupendra Patel (Modi Ka Parivar) (@Bhupendrapbjp) December 19, 2021
“Global trade was disrupted significantly during the pandemic. However India’s exports showed a turnaround since December 2020 onwards and performing extremely well thereafter. However, the full potential of trade remains to be tapped. We have to work continuously to increase India’s share in global exports from the current 1.6 percent,” said Kumar.
મુખ્યમંત્રીશ્રી ભૂપેન્દ્ર પટેલે આજે અમદાવાદમાં નેશનલ હાઇસ્પીડ રેલ કોર્પોરેશનના વરિષ્ઠ અધિકારીઓ સાથે અમદાવાદ-મુંબઇ હાઇસ્પીડ રેલ પ્રોજેક્ટની સમીક્ષા હાથ ધરી હતી. મુખ્યમંત્રીશ્રીએ ઝડપી કામગીરીની સરાહના કરતાં રાજ્ય સરકારના સંપૂર્ણ સહયોગની ખાતરી આપી હતી. pic.twitter.com/RdvYAagQUW
— CMO Gujarat (@CMOGuj) December 19, 2021
“We understand that there is a need to bring in required changes in the duty structure of some of the goods in our country,” opined Kumar during his address at a pre-summit organized by the Gujarat government as part of the upcoming Vibrant Gujarat Global Summit, to be held in Gandhinagar next month.
The theme of this pre-Vibrant Gujarat Summit was “Local Goes Global – Export Led Growth”.
“In so far as the merchandise trade performance is concerned, the government is closely monitoring and pushing hard for a target driven merchandise export performance of USD 400 billion in the current fiscal by engaging with all stakeholders across states and reaching the districts,” he said in his address.
Apart from industry leaders, Gujarat Chief Minister Bhupendra Patel was also present at the event.
“Export growth has been robust in 2021-22. Merchandise exports remained above US dollars 30 billion for 7 consecutive months during April to October, and October in particular was an unusually high export performance period with the highest ever merchandise exports being recorded at US dollars 35.65 billion,” Kumar added.
The total merchandise export during April to November 2021 was valued at USD 262.5 billion, a growth of 50.7 percent as compared to USD 174.16 billion in April to November 2020-21, Kumar said. He added that the top five export items in April to November 2021-22 were engineering goods, petroleum products, gems and jewellery, organic and inorganic chemicals, and drugs and pharmaceuticals. He said the Department of Commerce is engaging with five countries or regions – the EU, the UK, Canada, Australia and the UAE – for early conclusion of a free trade agreement or FTA.
During the event, Kumar urged entrepreneurs to start manufacturing nearly 100 items which are currently imported but can be made locally.
“We have prepared and shared a list of 102 items that India has been importing and where there is potential for increasing domestic manufacturing capabilities. I would like industry leaders to look for such opportunities as it serves the dual purposes of enhancing domestic capacity and also reducing dependence on imports,” he said.
