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Wednesday
January 11,  2006

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  Board of Trade Discuss Decline in Exports

 

Federal Commerce & Industry Minister Kamal Nath has called for a Board of Trade meeting to discuss the alarming decline in exports in November 2005. For the first time in two years, Indian exports of gems, jewelry, and textiles declined in November causing an overall decline of 11.38%. This could also be a transition where textile companies are focusing on quota countries thus yielding the non-quota country market to China. Indian exports registered a 40% growth in November 2004. A working group studied chemical, pharmaceuticals, and textile sectors and advocated a slew of measures to sustain export growth including export promotion schemes, trade facilitation, assisting specific sectors, and the creation of special economic zones (SEZs).

 

 

 

 

 



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