India targets to touch $450 billion by 2014 in exports
India's exports will almost double to $450 billion by 2014 on the back of increased demands of Indian engineering, chemicals, jems and jewellery, and leather products, Commerce and Industry Minister Anand Sharma said Wednesday.
"Our total export is expected to reach $225 billion in the current fiscal and it will touch $450 billion by 2014," said Sharma, while releasing the draft strategy paper for doubling exports here.
He said exports of engineering products would triple to $120 billion by 2015.
"Engineering sector has done considerably well and now it needs to move up the value addition chain for high precision engineering, both for domestic production and exports," the commerce and industry minister said.
"On the whole, by 2014 we would like to see doubling of our exports in textiles, tripling of our exports in gems and jewellery and engineering, tripling of exports in electronics goods, doubling our agri-exports and tripling our leather sector exports," Sharma added.
The commerce and industry ministry Wednesday released draft strategy paper for doubling exports.
"We are uploading the draft strategy paper on the website to invite comments and suggestions from all stakeholders. The paper represents work in progress and is a first draft," the minister said.
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