SME Times is powered by   
Search News
Just in:   • 'Enhanced cooperation between India, B'desh will make S Asia hub for apparel innovations'  • Nepal's economy not like Sri Lanka's, but can go that way: Former central bank Guv  • 'Time to move from 'Volume' to 'Value' leadership in Pharma market'  • Ola Electric slips to 4th spot as EV registrations fall amid fire fears  • T.Raja Kumar takes over as FATF chief 
Last updated: 27 Sep, 2014  

Exports.9.Thmb.jpg 'Exporters should cash in on opportunities in new markets'

   Top Stories
» 'Time to move from 'Volume' to 'Value' leadership in Pharma market'
» Large borrowers' loan accounts and bad loans decline: RBI
» Kharif 2022: Rice, oil seeds sowing less, pulses, coarse cereals more over 2021
» RBI hits hard on Bitcoin, DeFi, crypto trading platforms
» Import duty on gold increased, may not impact demand
SME Times News Bureau | 22 Mar, 2014
Indian exporters should focus more on promising non-traditional export markets such as Africa and   China, said Union Commerce Secretary Rajeev Kher in Kolkata on Friday.

Speaking at a meeting with members of engineering exporters' body Engineering Export Promotion Council, Kher said Indian exporters must explore new territories in countries like Africa and China to diversify from traditional markets like European Union and USA.

Africa, he said, had huge potential and those into merchandise exports should cash in on this opportunity.

China was also a huge market while new opportunities were coming up in southeast Asian countries, he added.

He also mentioned some forward-looking markets like Peru, Colombia and Chile while saying that countries like Vietnam, Cambodia and Laos were ignored by Indian exporters.

On the Trans-Pacific Partnership Agreement (TPP), he said India was not prepared at this stage to handle it as countries like Malaysia, Vietnam would have preference at India's cost.

Kher said Indian exporters must diversify from traditional markets like European Union and USA to handle trade shocks and ensure long-term sustainability.

After recording positive growth for seven consecutive months, India's exports contracted 3.67 per cent in February to USD 25.68 billion. For the April-February period, exports were up 4.79 per cent to USD 282.7 billion. 
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 04 Jul, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» China's forex reserves reach USD 2.85 trillion(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter