Breaking News

You are here » Indian-Commodity  :  Economy  :  Commerce Minister calls inter-ministerial meeting to discuss ways to promote exports


Commerce Minister calls inter-ministerial meeting to discuss ways to promote exports

In order to discuss ways to promote exports, Commerce and Industry Minister Suresh Prabhu has called a meeting of various departments, including finance and textiles. The meeting would deliberate upon ways on sectoral export promotion strategy. The meeting assumes importance as India's merchandise exports in March fell after a gap of four months. 

The outbound shipments increased by 9.78 percent to $302.84 billion in 2017-18 from $275.85 billion in the previous fiscal, but in March, exports contracted by 0.66 percent to $29.11 billion. Besides, petroleum products, carpet, jute items, readymade garments, gems and jewellery, iron, ore, meat, dairy and poultry products, oil meals and oil seeds were among the products that witnessed a decline in March. To boost the country's exports, the commerce ministry is taking appropriate steps such as involving states and promoting ease of doing business. States such as Maharashtra, Tamil Nadu, Gujarat and Karnataka contribute significantly to the exports. 

Further, officials from different ministries and departments including petroleum, civil aviation, agriculture, pharmaceutical, MSME, telecommunication, skill development, mines and electronics and information technology would participate in the meeting. 

Related News

View all news

Complete turnaround two years away for PSBs despite capital infusion: Moody's

After the government announced Rs 48,239 crore capital infusion into 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans, global......

Finance Ministry to recapitalise 12 PSBs with capital infusion of Rs 48,239 crore

In a bid to take public sector banks (PSBs) out of Reserve Bank of India's (RBI) prompt corrective action framework, the Finance Ministry has decided to recapitalise 12 PSBs with capital infusion of Rs......

FDI falls 7% to $33.49 billion during April-December of FY19

The Commerce and industry ministry in its latest data has showed that in the first nine months (April-December) of current financial year (FY19) Foreign direct investment (FDI) into India contracted by......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......