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Commerce and Industry Minister Smt.Nirmala Sitharaman says fall in exports has been arrested and growth will steadily take place

News and Press Release - Dated:- 2-9-2016 - Commerce and Industry Minister Smt.Nirmala Sitharaman has said that fall in exports has been arrested and growth will steadily take place. Speaking at the Regional Editors Conference of Southern States in Chennai today she said Export during 2015-16 valued at US $ 262.30 billion had registered a 15.5% decline but 12 sectors like Tea, Tobacco, Spices, Fruits & Vegetables, Cereal Preparations & Miscellaneous Processed Item, Ceramic Products & .....

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gest producer, exporter and consumer of spices in the World, during 2015-16 the export of spices & spice products from the country was 8,43,255 tons valued ₹ 16238.23 crore. In the case of export of cardamom (small) there is an all time achievement of 5500 tons valued ₹ 450 crores during 2015-16. Commerce Minister said annual tea production is 1233 million kgs. against the target of 1195 million kgs., which is an all-time record. She said in India, coffee is cultivated in about 4 .....

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d merit incentives, during the last 4 years.In the Rubber Sector Southern states account for 44% of NR consumption in the country indicating the extent of rubber based industrialisation. Major tyre companies have factories in the Southern States and there are many MSMEs in general rubber goods sector manufacturing a range of rubber products. Commerce Minister said that the Ministry was looking into diversification of export product basket ,diversification into non-traditional markets and conclus .....

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