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Indian exporters need to diversify export basket: Suresh Prabhu

In order to expand overseas shipments, Commerce and Industry Minister Suresh Prabhu has said that Indian exporters need to diversify export basket and explore markets such as Africa and Latin America. He also expressed need to look on ways to promote services exports.

Prabhu mentioned about the efforts being taken by the government to boost the country's exports and to further increase the ease of doing business. He said that a comprehensive strategy is being worked out and a policy to promote agriculture exports has also been prepared by the ministry which would soon seek the Cabinet's approval on that.

Besides, Commerce and Industry Minister highlighted that the exports are showing good sign and registering increase at the rate of 20%. Moreover, he praised recently developed mobile app by the Federation of Indian Export Organisations (FIEO) for exporters, noting that the app will provide big opportunity to everybody and help promote export interests in the country.

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