Free Demo Request

‘Proper’ business plan in the works to up exports: Suresh Prabhu

Date 24-Nov-2017
Subject ‘Proper’ business plan in the works to up exports: Suresh Prabhu

‘Proper’ business plan in the works to up exports: Suresh Prabhu

NEW DELHI, NOV 23:  
The commerce and industry ministry is chalking out a “proper” business plan based on market research in its bid to promote exports of goods and services, Union minister Suresh Prabhu said today.

The commerce and industry minister said a proper market segmentation is the need of the hour to understand the potential of domestic goods and services.

Taking note of the potential of regions such as Russia and Latin America, he said, “We are working on a strategy for each of the markets. I am in the process of preparing a proper business plan based on market research.”

The segmentation will shed light on the possibility of increasing penetration of products and services, he said at the India luxury summit here.

Demand for luxury items

Suresh Prabhu pointed to the huge demand in luxury items in the international market.

“We are working on quite a few interesting steps. My ministry is making a new industrial policy and we are also trying to create new markets for Indian products globally,” he said. He made a case for Indian players taking a shot at the luxury goods sector to ramp up exports to different markets.

India’s merchandise exports have entered the negative terrain after over an year, contracting 1.12 per cent to USD 23 billion in October.

Source:- Thehindubusinessline.com



High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG
Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard