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Govt aiming for $400 bn merchandise exports in FY 21
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SME Times News Bureau | 21 Sep, 2021
Union Minister for State for Commerce and Industry Som Prakash on
Tuesday said despite the global slowdown on account of Covid, the
country's merchandise exports are showing an increasing trend.
"The
Ministry of Commerce has been taking various steps to facilitate
agricultural exports, and initiatives have been taken to achieve
merchandise exports worth $400 billion in financial year 2021-22," he
said, while inaugurating the Vanijya Utsav in Kochi virtually.
Vanijya
Utsav is being organised in hybrid mode here as part of the Vanijya
Saptah programme of the Ministry to commemorate Azadi Ka Amrut Mahotsav -
the celebration of 75 years of India's independence.
The Union
Government is celebrating 'Vanijya Saptah' from September 20-26 in every
state and Union Territory to highlight India's potential for trade and
exports.
Prakash said that Kerala holds immense potential for
further growth in the commerce and industrial sector due to good
connectivity and communication network, availability of skilled and
well-educated human resource in addition to the availability of spices.
Besides, it has well-developed tourism and hospitality, and health care sectors which are a model for the rest of the country.
Minister
of State for External Affairs V. Muraleedharan said the synergy between
commerce and external affairs verticals of India as well as line
departments of state governments are significant aspects for enhancing
India's export prospects, in line with the vision of Prime Minister
Narendra Modi to achieve an export target of $400 bn merchandise
exports.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
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56.85 |
As on 13 Aug, 2022 |
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