<h1>India Targets Doubling Exports to $500 Billion by 2014 with New Trade Policies and Market Expansion Plans.</h1> The Indian government, led by the Commerce and Industry Minister, unveiled a strategy to double exports to $500 billion by 2014, targeting a 26.7% annual growth. The plan emphasizes boosting sectors like engineering, chemicals, pharmaceuticals, and electronics, alongside promoting high-value and employment-generating exports. The strategy includes market expansion in Asia, Africa, and Latin America, and enhancing trade with developed countries. The government also announced new trade policies and agreements, including the Comprehensive Economic Cooperation Agreements (CECA) with Malaysia and Japan, and efforts to normalize trade with Pakistan. Additionally, measures to reduce transaction costs and strengthen trade infrastructure were highlighted.