Boost exports to $400bn this year: PM to businessmen, envoys
NEW DELHI: PM Narendra Modi on Friday said that the decision to drop the provision of retrospective taxation from the statute demonstrated the Centre's commitment to provide stability of investment climate and also signalled policy consistency. The statement came hours after the Lok Sabha passed the Bill meant to end tax disputes with 17 companies, including high profile ones such as Vodafone and Cairn Plc.
Addressing exporters, businesses, states and Indian ambassadors in foreign missions at an event to work out a strategy to scale up India's exports to $400 billion this year, the PM said exporters know very well the importance of stability. "It sends a clear message to all investors that not only does India offer new opportunities, but a decisive go nment has the will to fulfil its promise," Modi said while talking about the legislation. He also said that the Centre was working closely with states to minimise the regulatory burden.
While promising all possible support from the go nment to boost exports, Modi exhorted every stakeholder to play their role, with states go nments and Indian missions advised to work together in identifying new product segments and markets.
Modi said there were positive signs in the economy. "Today, we are not just seeing signs of recovery, but there are positive signs on high growth too. So, this is a good time to set high targets for exports."
The $400 billion goal is seen to be ambitious as the go nment is looking to boost exports by 37% over last year's level. While seeking to corner a larger share of the global pie, the PM said there were four key focus areas to provide a thrust - step up manufacturing, removing logistical and transport-related challenges, working closely with exporters and getting international markets for Indian products.
everything is tough in india. post pandemic businesses have closed down. btw am a bjp supporter. If you are really serious pls compare ease of doing business in india to other countries.
Couple of years ago Modi said Americans will be lining up for immigration to India. Trump did not even give India waiver to import cher oil from Iran. Modi is buying American oil with dollars and at higher price..
Feku the gobar dimaag expert closed many industries and made crores of people jobless overnight with demonetisation act.
Okay 400bn exports and 1200bn imports. Is this your idea feku?
why no action on sky rocketing Petrol prices so far?
Since when have diplomats contributed to exports?
Just setting targets and drawing arbitrary goal lines does not mean anything. Feku and his team of yesmen ever have a concrete plan to chase those targets. So the mission falls flat even before it starts every single time.
Export what? Does Adani and Ambani have a new product to export? All the other companies are dead.
India's exports have grownn at a measly rate of 0.2% per annnum since 2014. It grew by 5 times in the decade prior to 2014. You can verify this data at the ministry of commerce website.Except software exports , almost every other sector has done poorly.
How many businessmen are there in this country other than ambani and adani?
vempati Ratna Joshi
Talks like he funded R&D expenditure for private sector in this country.
Respected prime minister how export can be boosted ship cost has increased from usd2000 to usd 15000 nd there is no stop , There is no space with ship lines shipments are rotting at ports ,warehouses resulting in cancellation of orders spoling relationship with customers
jai bhashan vir target should be 800 bn
De ls Own
you have screwed the economy do you even have any iota of idea about it
maybe we can export hot air
Why no action on rising petrol prices fekubaba?
Good thinking..!! Now also do something to help them boost exports..!!
what about importers? are they doing some kind of sin? if yes, ban the imports..if not, stop harrasing them by putting huge taxes on imports..
Philipose Sunny Philipose
Great. Jay Hind
Mudi can export his beard to Iraq, Syria and all... His daadi is in great demand there...