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Last updated: 23 Jun, 2018  

Modi.9.Thmb.jpg Need to increase India's share in global exports to 3.4 pc: Modi

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SME Times News Bureau | 23 Jun, 2018

Prime Minister Narendra Modi on Friday called for India to more than double its share in global exports from the current 1.6 per cent to 3.4 per cent.

Speaking after laying the foundation stone of Vanijya Bhawan, a new office complex for the Department of Commerce, Modi emphasized the need for an increase in exports, and said that States must be made active partners in this effort.

He said the Department of Commerce must resolve to raise India’s share in total global exports to at least 3.4 percent, from the current 1.6 percent.

Similarly he said, efforts must be made to raise domestic manufacturing output, to reduce imports. In this context, he gave the example of electronics manufacturing. He said the Union Government has taken a number of steps to boost domestic manufacturing.

Talking of adoption of digital technology, the Prime Minister remarked that the land on which the new building is being constructed, was earlier occupied by the Directorate General of Supplies and Disposal.

This has now been replaced by the Government e-Marketplace (GeM), which has seen transactions worth Rs. 8700 crore in a short time, he added.

He urged the Department of Commerce to work towards further expansion of GeM, and leverage it for the benefit of the country’s MSME sector.

He also spoke of the benefits of GST, and said the Union Government is making constant efforts to create a people-friendly, development-friendly and investment-friendly environment. 

 
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