Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu chaired a meeting in Delhi on 23rd June 2018,to review development of a strategy for revitalizing India’s exports. The Minister took stockof the latest export trends and expressed confidence over robust growth of total exports by 12.9% in 2017-18.  He said that trade events are being organised in African, Central and South American countries to find new markets for exports and to introduce new products. Because of these measures, exports are continuously registering growth.

The Minister revieweddevelopment of USD 100 Billion Additional Export Strategy focussing on Champion & Promising products and market retention. This is envisaged as a multipronged sector wisestrategy focussing on traditional and new products & markets. Commodity Specific Strategy includes products like Gems &Jewellery, Leather, Textile& Apparel, Pharmaceuticals, Electronics, Engineering Sector, Chemical & Petrochemicals, Marine Products and Agriculture & Allied Products. Territory Specific Strategy include regions like NAFTA, Europe, North East Asia, ASEAN, South Asia, Latin America, Africa& WANA, CIS, Australia and New Zealand

Export revitalization strategy targets champion sectors and new markets to drive sustained growth in external trade. The government advanced a USD 100 Billion Additional Export Strategy as a multipronged sector and territory specific programme prioritising Champion and promising products across commodity clusters-gems and jewellery, leather, textiles and apparel, pharmaceuticals, electronics, engineering, chemicals and petrochemicals, marine and agricultural products-and targeting diverse regions to strengthen market retention and diversification through trade events and product introduction.