Updated: May 8, 2010 16:25 IST

India to double exports by 2014: Anand Sharma

print   ·   T  T  
Union Minister for Commerce and Industry Anand Sharma. File photo
The Hindu Union Minister for Commerce and Industry Anand Sharma. File photo

Commerce and Industry Minister Anand Sharma said on Friday that the government is committed to doubling India's exports by 2014 and its share in the world trade in the coming years.

“We have emerged well out of the financial meltdown and we are growing at an encouraging pace. We aim to maintain the momentum and to double our exports in 2014 as compared to the figure in 2008,” he told reporters here.

“We have also fixed a target to double our share, in percentage terms, in the world trade by 2020. We have taken many steps in this direction. In our foreign trade policy, which was released last year on Aug 28, we had taken many important decisions pertaining to various schemes and incentives,” he said.

Mr. Sharma was in this union territory to participate in an interactive session with industrialists of the region.

He also emphasised bringing in innovative ideas and making India's workforce more employable.

“All growth is meaningless until and unless we make our people more employable through proper training. India has to fulfill the global shortage of talent. Fortunes of growth should be equally distributed in all sections,” Mr. Sharma said.

“We have to make India a hub of new technologies and we have to make more investment in innovations, which is currently very less,” he added.

More In: Business | Economy
The Hindu presents the all-new Young World





Recent Article in Business

TRAI on Tuesday recommended an investment plan of Rs 1,895 crore for telephone infrastructure in the Andaman & Nicobar Islands. The plan calls for connecting 22 islands, including 18 islands with a population of above 100 and four islands having the presence of police, forest camps and tourists. File photo shows an aerial view of Port Blair, capital of the Andaman and Nicobar islands.

TRAI suggests Rs.2,400-cr plan for Andaman and Nicobar, Lakshadweep island chains

While bulk of the investment will be for Andaman and Nicobar Islands, the telecom regulator estimates an outgo of Rs.504.96 crore for Lakshadweep. »