India needs to take a multi-pronged approach to achieve the target of exporting $1,000 billion of goods by 2030. This has been suggested in a report by the Confederation of Indian Industry (CII).
The report recommended finalization of free trade agreements (FTAs) with major markets, expansion of Duty and Exemption Scheme on Export Products (RODTEP), attracting global companies and resolving domestic manufacturing issues. The report says that with these steps this goal can be achieved.
CII President TV Narendran said, “The target of exports of $ 1,000 billion by 2030 can be achieved through a holistic and aggressive approach.”
CII’s report ‘Achieving $1,000 Billion of Goods Exports: A Roadmap’, released on Sunday, details the products and markets through which India can move towards achieving this target.
CII said that at present, it is necessary for India to integrate with the global value chain so as to attract foreign direct investment (FDI) in its important sectors.