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TMI BlogSalient Points of Strategy for Doubling Exports in next Three Years (2011-12 TO 2013-14)X X X X Extracts X X X X X X X X Extracts X X X X ..... Salient Points of Strategy for Doubling Exports in next Three Years (2011-12 TO 2013-14) - News and Press Release Dated:- 3-5-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 03-May-2011 16:40 IST THE TARGET The target is to double the country s merchandise exports in dollar terms over the next three years (2011-12 to 2013-14) from US $ 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 46 billion in 2010-11 to US$ 500 billion in 2013-14. To realize this, exports have to grow at a compound average growth of 26.7 % per annum. The overall strategy to realize this goal is Product Strategy 1. Build on our strength in sectors with great growth potential engineering goods basic chemical industries and organic and inorganic chemical industries pharmaceutical indus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... try (including biotech) electronics 2. Promote light manufacturing exports with high value addition leather products and textiles 3. Encourage high employment generating sectors gems and jewellery agricultural products Market Strategy Focus on markets in Asia (including ASEAN), Africa and Latin America. Open up new vistas, both in terms of markets and new products ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in these new markets Retain presence and market share in our old developed country markets ; Move up the value chain in providing products in these old developed country markets Technologies and R D Areas that hold out promise for high technology exports Pharmaceuticals Electronics Automobiles Computer and software based smart engineering. Environmental products; gree ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n technology and high-value engineering products. High end areas in electronics, aerospace, and engineering products. Building a Brand Image thrust for quality upgradation. expanded certification of export products encouraged, where needed. Brand India promotion campaign for key export products Essential Support Essential policy support needed to realize the ambitious ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... port targets for 2013-14 and beyond is: Stable policy environment: Continuation of existing incentive schemes Preferential access to new markets: putting in place conducive trading arrangements Reduction in transaction costs: Implementation of recommendations of Task Force Substantial step up in overall Plan support Priority strengthening of trade related infrastructure Strategic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sectoral targets for 2013-2014 (Values in US $ billion) Exports Exports (2009-10) Share in total Export (%) Exports (2010-11) (Quick Estimates) Projected Exports (2013-14) Share in total projected Exports (%) Gems and Jewellery 29.08 16.27 33.54 70.00 14.00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Engineering Goods 32.55 18.21 60.15 125.00 25.00 Textiles 18.29 10.23 21.02 42.00 8.40 Cotton Yarn Madeups 3.97 5.67 11.50 Manmade Yarn Madeups 3.61 4.19 9.00 R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MG 10.71 11.16 21.50 Other Textiles 0.96 0.54 1.58 3.00 0.60 Carpets 0.74 1.13 2.00 Jute Manufacturers 0.22 0.45 1.00 Drugs, P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... harma Fine Chemicals 8.97 5.02 10.32 25.00 5.00 Other Basic Chemicals 6.84 3.83 8.62 19.00 3.80 Electronic Goods 5.45 3.05 7.38 17.00 3.40 Leather Leather Manufacturers 3.28 1.83 3.68 9.00 1.80 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Plastic Linoleum 3.37 1.88 4.59 10.00 2.00 Iron Ore 6.03 3.37 4.50 9.00 1.80 Mica and Other Ore 2.69 1.50 6.07 9.00 1.80 Marine Products 2.10 1.17 2.54 5.00 1.00 Agricultural Products 12 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .62 7.06 16.99 22.00 4.40 Petroleum Products 28.19 15.77 42.45 80.00 16.00 Miscellaneous 18.33 10.25 22.44 55.00 11.00 Total: 178.75 100.00 245.87 500.00 10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.00 **** DS/GK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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