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Cabinet approves Action Plan for Champion Sectors in Services

News and Press Release - Dated:- 1-3-2018 - The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal of the Department of Commerce to give focused attention to 12 identified Champion Services Sectors for promoting .....

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and Finance Services, Audio Visual Services, Legal Services, Communication Services, Construction and Related Engineering Services, Environmental Services, Financial Services and Education Services. The Cabinet has also directed the Ministries/Depar .....

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the implementation timelines along with a monitoring mechanism to monitor implementation under the overall guidance of the Committee of Secretaries (CoS) under Cabinet Secretary. A dedicated fund of ₹ 5000 crores has been proposed to be establi .....

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GDP growth, creating more jobs and promoting exports to global markets. Employment Generation Potential Services sector in India has immense employment potential. The proposal will enhance the competitiveness of India's service sectors through th .....

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re envisaged to be prepared, related to elements like creation of required infrastructure, fiscal incentives etc., may have financial implications. These details shall be worked out and finalized with due approvals, as part of the action plans prepar .....

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's GDP, exports and job creation, increased productivity and competitiveness of the Champion Services Sectors will further boost exports of various services from India. Embedded services are substantial part of 'Goods' as well. Thus, comp .....

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ll develop a vision for each of these identified Champion Sectors in the year 2022 and enumerate steps that need to be taken to achieve that vision. The share of India's services sector in global services exports was 3.3% in 2015 compared to 3.1% .....

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