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Export Targets
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....xport Targets <br>News and Press Release<br>Dated:- 11-2-2021<br><BR>India's exports during the last three years are as under: Year Exports (Merchandise +Services) (USD Billion) Growth (%) 2017-18 498.61 13.31 2018-19 538.08 7.91 2019-20 526.55 -2.14 Source: DGCI&S& RBI Eexport targets are set for Special Economic Zones (SEZs)/Export Oriented Units (EOUs). The SEZ units/EOU units ar....
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....e under obligation to achieve positive Net Foreign Exchange (NFE) earning to be calculated cumulatively for a period of 5 years from the commencement of production. The total exports from SEZs and EOUs during the last two years and the current year is as under: (Rs.in crore) Year SEZs export EOUs export 2018-19 7,01,179 87371.74 2019-20 7,96,669 102492.92 2020-21 (upto 31.12.2020) ....
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.... 5,53,396 65602.04* * Provisional Merchandise exports to Europe and other major western countries (USA, Canada and Mexico) exhibited a positive growth trend in 2017-18 and 2018-19. Year-wise exports during the last three years are as under: (in USD Billion) Countries 2017-18 Growth% 2018-19 Growth% 2019-20 Growth% Europe 60.35 13.16 64.38 6.68 60.56 -5.93 Other Western Countries....
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.... USA 47.88 13.42 52.41 9.46 53.09 1.30 Mexico 3.78 9.30 3.84 1.55 3.62 -5.67 Canada 2.51 25.05 2.85 13.78 2.85 0.01 Total 54.17 13.61 59.10 9.10 59.56 0.79 Source: DGCI&S As per World Bank data, some of the major sectors that showed a decline in global demand during 2019 (latest data available) include chemicals, fuels, textiles & clothing, machinery & electricals, me....
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....tals and transportation. Of these, India's exports showed a decline in respect of fuels, textiles & clothing and metals during the same period. The following are some of the key steps taken by Government to increase exports: * Foreign Trade Policy (2015-20) extended by one year, i.e., upto 31-3-2021 due to the COVID-19 pandemic situation. * Interest Equalization Scheme on pre and post shipmen....
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....t rupee export credit has also been extended by one year, i.e., upto 31-3-2021. * A new Scheme, Remission of Duties and Taxes on Exported Products (RoDTEP), has been launched with effect from 01.01.2021. * Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase FTA utilization by exporters. * A comprehensive "Agriculture Export Policy" to provide ....
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....an impetus to agricultural exports related to agriculture, horticulture, animal husbandry, fisheries and food processing sectors, is under implementation. * Promoting and diversifying services exports by pursuing specific action plans for the 12 Champion Services Sectors. * Promoting districts as export hubs by identifying products with export potential in each district, addressing bottlenecks....
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.... for exporting these products and supporting local exporters/manufacturers to generate employment in the district. * Active role of Indian missions abroad towards promoting India's trade, tourism, technology and investment goals has been enhanced. * Package announced in light of the Covid pandemic to support domestic industry through various banking and financial sector relief measures, especi....
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....ally for MSMEs, which constitute a major share in exports. This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Hardeep Singh Puri, in a written reply in the Lok Sabha yesterday.<BR> News - Press release - PIB....