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Exporters must focus on new markets: Vice President

Vice President M Venkaiah Naidu has asked India’s exporters to focus on new markets and new products including sunrise products which show higher growth in global trade including electric, electronic, Tele-communication equipment. He was addressing the gathering after conferring FIEO Exports Excellence Awards 2018 in Chennai on 18 Jan 2018.

With the focus on creating state-of-the-art sea ports, airports and super highways to connect manufacturing centers to ports with best supporting ecosystem, the exports should pick up faster and maintain a steady growth, he said.

 The Vice President said that Government is giving greater thrust on development of infrastructure, agriculture sector and health sector. These efforts will certainly help Indian economy grow further. The “Make in India” initiative to support India’s manufacturing sector together with a focus on infrastructure growth and multiple initiatives for boosting domestic demand will further strengthen our economy, he said.

Mr Naidu said that the decisions of the Government including demonetization and GST are expected to have a positive impact in the coming years.  “I am aware of the initial difficulties that the exporters have been facing due to these steps. However, I am sure that the GST Council and the Government have been quite responsive to such teething troubles and have been taking prompt action to address these concerns,” he said.

 

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