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PM Modi’s target of $400 billion in export attainable says CII

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The Confederation of Indian Industry (CII) has said Prime Minister Narendra Modi ‘s target of achieving $400 billion in exports is ‘attainable’ given the post-pandemic economic recovery globally and increasing competitiveness of Indian goods.

 

The PM has set an aspirational, but very much attainable target of $400 billion in exports for the year. At the current juncture when global value chains are in flux, the multifold strategies to promote exports coupled with a whole-of-government approach make this a moment for India to seize.

 

The draft National Logistic Policy, boost for project exports and enhancing export insurance cover offer significant encouragement to catalyse exports to new peaks,” CII Director-General Chandrajit Banerjee said.

 

Banerjee said, “The PM has set an aspirational, but very much attainable target of USD 400 billion in exports for the year”. The Government has been very proactive during the lockdown period and has extended all possible help and support to the industry as a whole and exporters in particular. Industry concerns were resolved on an almost real-time basis.”

 

Banerjee added the prime minister’s address highlighted the Centre’s commitment towards Atmanirbhar Bharat mission for economic growth via exports. He also mentioned that the industry will work with the government on the Districts as Export Hubs initiative with state and district authorities for capacity building of potential exporters.

 

He further said, four factors-manufacturing, eradicating transport and logistics-related problems, walking shoulder to shoulder with exporters and expanding Indian product basket for the international market are important for increasing exports.

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