SME Times News Bureau | 09 Jan, 2019
Exports from labour intensive sectors registered a
positive growth of 7.04% in 2017-18 over the previous financial year, said the
In an official statement, the Commerce Ministry
said exports from labour intensive sectors registered a positive growth of
5.63% during 2016-17 over 2015-16. During 2017-18, it registered a positive
growth of 7.04% over the year 2016-17.
In order to promote India’s exports including
labour intensive sectors, the Government has taken several measures through new
Foreign Trade Policy 2015-20 launched on 1st April 2015, its Mid-term
Review released on December 5, 2017 and other policy measures taken from time
to time, the release added.
The ministry also mentioned some major steps taken
in this direction, including Merchandise Exports from India Scheme (MEIS) for
improving export of specified goods by merging five earlier schemes for better
coherence and ‘Services Exports from India Scheme (SEIS)’ for increasing
exports of notified services.
In order to double farmers’ income by 2022 and provide an
impetus to agricultural exports, the Government has launched a comprehensive Agriculture
Export Policy, added the release.