News dalla rete ITA

8 Febbraio 2018



According to sources around 40 per cent of India’s GDP will come from exports in the next seven years. Addressing the inaugural function of the 33rd edition of the India International Leather Fair 2018 (IILF) that is taking place in Chennai between February 1 and 3, the minister added that to improve exports the government has a clear strategy that includes re-engaging with global markets and creating partnerships and the Commerce Ministry is currently conducting market research on countries to find out what kind of products will sell well there. The idea is to design products in India partnering with other countries. This will add brand value for Indian developed products. Mr. Prabhu also expressed that there is need to have a presence overseas not only for exports but also imports. Keeping in line with this, around 10-12 more global offices will be set up to market the Indian products. If India is to reach $5 trillion (as an economy, we are targeting at least $1 trillion to come from exports. While ‘Make in India’ is a part of the strategy, it is equally necessary to upgrade and modernize infrastructure, especially in traditional and home grown industry like leather. While inaugurating the fair, Minister also unveiled the special package of ₹2,600 crore (€32 Million). The package covers human resource development, subsidy for upgrading machinery, skill development centres, four leather clusters and setting up common effluent treatment plant. All these are expected to create vast employment opportunities. (ICE NEW DELHI)