Prime Minister Narendra Modi interacted with heads of Export Promotion Councils (EPCs) and Indian Missions abroad along with stakeholders of the trade and commerce sector via video conferencing, giving a clarion call for ‘Local Goes Global – Make in India for the World’.
He insisted to tap opportunities in the post-COVID world so as to take exports to US $ 400 billion.
The PM said that exporters should take advantage of opportunities created in the post-COVID world and increase export basket to achieve the ambitious target of exports.
“At present, our exports are about 20 per cent of GDP. Considering the size of our economy, our potential, the base of our manufacturing and service industry, it has the potential to grow a lot,” he said.
The Prime Minister in his address spoke about the importance of global value chain, logistics-last mile connectivity, ease of doing business, insurance coverage for exports, rationalisation of export incentive schemes, one district one product (ODOP) and leveraging strength of Indian diaspora overseas.
He also said to innovate according to the challenges, prioritise exports from state and target overseas markets, explore new markets, identify and innovate new products, market intelligence through Indian missions overseas, quality & reliability and value-added products and encourage start-ups and many more issues.
The meeting was addressed by Piyush Goyal, Minister of Textiles, Commerce & Industry; S. Jaishankar, Minister of Foreign Affairs; ambassadors/high commissioners of Bangladesh, Brazil, China, UK, UAE and others.
Various EPCs of textile and apparel industry also participated in this meet and appreciated the PM for the clarion call.
Hailing Prime Minister for laying down a roadmap for Indian exports, Dr. A. Sakthivel, Chairman, Apparel Export Promotion Council (AEPC) said that exports will help achieve inclusive growth and it can be a bridge between farmers and Indian diaspora.
“Prime Minister’s assurance of complete support has invigorated the exporters who will go the extra mile to achieve the target of US $ 400 billion merchandise exports this fiscal,” he said after participating in the virtual meeting called by the Prime Minister with Heads of Indian Missions and stakeholders of trade and commerce.
The Chairman said that the exporters will hand hold start-ups, artisans and farmers to enter into the field of exports for a mutually beneficial relationship. He said that AEPC will engage with Indian diaspora to facilitate the country’s exports.
The Export Promotion Council for Handicrafts (EPCH) organised its video conferencing connectivity along with its member exporters from Expo Mart at Greater Noida. More than 100 leading exporters were present.
Raj Kumar Malhotra, Chairman, EPCH said that PM’s initiative has certainly invigorated the entire handicraft exporters’ fraternity and motivated them to strive towards achieving higher export growth in years to come.
The Cotton Textiles Export Promotion Council (TEXPROCIL) also participated from 5 locations at Mumbai, Karur, Coimbatore, Panipat and Ichalkaranji and many joined the address live.
“Prime Minister’s address was very inspiring and has motivated all our members to work towards achieving the target of US $ 400 Billion with tremendous enthusiasm,” said Manoj Patodia, Chairman, TEXPROCIL.
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) also appreciated PM’s initiative.