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Last updated: 09 Jan, 2019  

Exports.9.Thmb.jpg Exports from labour intensive sectors up in 2017-18

Exports.9.jpg
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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 Commerce Ministry.

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.

 
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