Merchandise Exports worth $400 bn is on target segment till FY 21-22

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Kochi: Union Minister of State for Commerce and Industry Som Prakash on 21st September said that, despite the global slowdown on account of COVID-19, the country’s merchandise exports are showing an increasing trend.

“The Ministry of Commerce has been taking various steps to facilitate agricultural exports, and initiatives have been taken to achieve merchandise exports worth $400 billion in the financial year 2021-22,” he said while inaugurating the Vanijya Utsav in Kochi virtually.

The Union government is celebrating ‘Vanijya Saptah’ on September 20-26 in every State and Union Territory to highlight India’s potential for trade and exports.

Prakash said that Kerala holds immense potential for further growth in the commerce and industrial sector due to good connectivity and communication network, availability of skilled and well-educated human resources, in addition to the availability of spices. Besides, it has well-developed tourism and hospitality, and healthcare sectors which are a model for the rest of the country.

Minister of State for External Affairs V Muraleedharan said the synergy between Commerce and External Affairs verticals of India as well as line departments of State governments are significant aspects for enhancing India’s export prospects, in line with the vision of Prime Minister Narendra Modi to achieve a shipment target of $400-billion merchandise exports.

Source – IANS