Export Summit 2011 - Boosting Manufacturing Exports and Reducing Transaction Costs.
India's merchandise exports for the last fiscal year ( 2010-2011) which stood at USD 246 billion witnessed a rising trend, recording a 37.5% increase and exceeding the Government’s target of USD 200 billion. The highest growth was recorded for engineering goods, oil products and textiles. The Government is committed to doubling India's exports by 2014 and its percentage share in the world trade by 2020.
With a view to achieve the aforesaid objective, the government has been entering into trade agreements and economic partnerships with the aim to deepen global market access and move beyond traditional markets.
The Confederation of Indian Industry (CII) is organizing the Annual Export Summit on August 19, 2011 to look at the various aspects for boosting exports from India. Mr. Anand Sharma, Union Minister for Commerce and Industry will be Chief Guest at the Inaugural Session of the Summit.
The Summit would focus on important issues for Indian exporters in the global markets. The discussions at the Summit revolving around the main themes – trade agreements, export promotion schemes, trade facilitation and policy initiatives to double manufacturing exports – would identify challenges and opportunities for exporters from India. The Summit would also provide a platform for sharing ideas on the need to expand the product base and the export markets to achieve the targets that have been set by the government. The Summit would be addressed by senior government officials, experts and industry.