Press Information Bureau
Government of India
Ministry of Commerce & Industry
03-May-2011 16:40 IST
THE TARGET
The target is to double the country’s merchandise exports in dollar terms over the next three years (2011-12 to 2013-14) from US $ 246 billion in 2010-11 to US$ 500 billion in 2013-14.
To realize this, exports have to grow at a compound average growth of 26.7 % per annum.
The overall strategy to realize this goal is
Product Strategy
1. Build on our strength in sectors with great growth potential
- engineering goods
- basic chemical industries and organic and inorganic chemical industries
- pharmaceutical industry (including biotech)
- electronics
2. Promote light manufacturing exports with high value addition
- leather products and textiles
3. Encourage high employment generating sectors
- gems and jewellery
- agricultural products
Market Strategy
- Focus on markets in Asia (including ASEAN), Africa and Latin America.
- Open up new vistas, both in terms of markets and new products in these new markets
- Retain presence and market share in our “old developed country markets”;
- Move up the value chain in providing products in these old developed country markets
Technologies and R&D
Areas that hold out promise for high technology exports
- Pharmaceuticals
- Electronics
- Automobiles
- Computer and software based smart engineering.
- Environmental products; green technology and high-value engineering products.
- High end areas in electronics, aerospace, and engineering products.
Building a Brand Image
- thrust for quality upgradation.
- expanded certification of export products encouraged, where needed.
- Brand India promotion campaign for key export products
Essential Support
Essential policy support needed to realize the ambitious export targets for 2013-14 and beyond is:
- Stable policy environment: Continuation of existing incentive schemes
- Preferential access to new markets: putting in place conducive trading arrangements
- Reduction in transaction costs: Implementation of recommendations of Task Force
- Substantial step up in overall Plan support
- Priority strengthening of trade related infrastructure
Strategic sectoral targets for 2013-2014
(Values in US $ billion)
|
|
Exports
|
Exports (2009-10)
|
Share in total Export (%)
|
Exports (2010-11) (Quick Estimates)
|
Projected Exports (2013-14)
|
Share in total projected Exports (%)
|
|
|
Gems and Jewellery
|
29.08
|
16.27
|
33.54
|
70.00
|
14.00
|
|
|
Engineering Goods
|
32.55
|
18.21
|
60.15
|
125.00
|
25.00
|
|
|
Textiles
|
18.29
|
10.23
|
21.02
|
42.00
|
8.40
|
|
Cotton Yarn Madeups
|
3.97
|
5.67
|
11.50
|
|
|
|
|
|
|
Manmade Yarn Madeups
|
3.61
|
4.19
|
9.00
|
|
|
|
|
|
|
RMG
|
10.71
|
11.16
|
21.50
|
|
|
|
|
|
|
|
Other Textiles
|
0.96
|
0.54
|
1.58
|
3.00
|
0.60
|
|
Carpets
|
0.74
|
1.13
|
2.00
|
|
|
|
|
|
|
Jute Manufacturers
|
0.22
|
0.45
|
1.00
|
|
|
|
|
|
|
|
Drugs, Pharma & Fine Chemicals
|
8.97
|
5.02
|
10.32
|
25.00
|
5.00
|
|
|
Other Basic Chemicals
|
6.84
|
3.83
|
8.62
|
19.00
|
3.80
|
|
|
Electronic Goods
|
5.45
|
3.05
|
7.38
|
17.00
|
3.40
|
|
|
Leather & Leather Manufacturers
|
3.28
|
1.83
|
3.68
|
9.00
|
1.80
|
|
|
Plastic & Linoleum
|
3.37
|
1.88
|
4.59
|
10.00
|
2.00
|
|
|
Iron Ore
|
6.03
|
3.37
|
4.50
|
9.00
|
1.80
|
|
|
Mica and Other Ore
|
2.69
|
1.50
|
6.07
|
9.00
|
1.80
|
|
|
Marine Products
|
2.10
|
1.17
|
2.54
|
5.00
|
1.00
|
|
|
Agricultural Products
|
12.62
|
7.06
|
16.99
|
22.00
|
4.40
|
|
|
Petroleum Products
|
28.19
|
15.77
|
42.45
|
80.00
|
16.00
|
|
|
Miscellaneous
|
18.33
|
10.25
|
22.44
|
55.00
|
11.00
|
|
|
Total:
|
178.75
|
100.00
|
245.87
|
500.00
|
100.00
|
****
DS/GK
