New Delhi: Accepting that businesses in India are facing several challenges in foreign markets because of globally competitive environment, Heavy Industries and Public Enterprises Minister Anant Geete said recently that a lot needs to be done to enhance the Country's exports. “We need to do a lot in the direction of increasing exports. In this era of globalisation, competition has reached a global level. Our businesses are facing multiple challenges to sustain in the global competitive environment,” Geete said, while addressing an event organised by Chemical and Allied Export Promotion Council of India (CAPEXIL) in New Delhi.
Speaking at the Export Awards ceremony event, J K Dadoo, Additional Secretary & Financial Advisor in Commerce Ministry said, “Unfortunately, the overall growth of shipments in the Country has not been conducive since 2014, while it has picked up in the past five months. So, I am urging all the members of this export community (CAPEXIL) to look for ways and means for boosting exports from the Country.”
He also pointed out that exports of chemical and allied products in financial year 2015-16, stood at about $14 billion, consisting of $5 billion of minerals and $9 billion of non-mineral items.