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.
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
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.
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.
has now been replaced by the Government e-Marketplace (GeM), which
has seen transactions worth Rs. 8700 crore in a short time, he added.
urged the Department of Commerce to work towards further expansion of
GeM, and leverage it for the benefit of the country’s MSME sector.
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.