Commerce Ministry gets into huddle with top 100 companies on declining exports

New Delhi, July 20 (KNN) The Ministry of Commerce and Industry has scheduled a meet with representatives of India’s top 100 companies on 22 July for suggestions and inputs on way to improve business environment and pushing manufacturing growth and exports.

Union Minister Piyush Goyal will chair the meeting which will be held in Mumbai and invites have been sent out to top 100 companies listed on BSE and NSE for participation.

It will also see participation of Commerce Secretary Sunil Barthwal and Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT).

The meeting will be held in an interactive format to elicit ideas and suggestions of the industry on increasing the share of manufacturing in India’s GDP and promote self-reliance in manufacturing.

Manufacturing accounted for 14.7% of India’s Gross Domestic Product in 2022-23.

The share has been languishing around this figure for the past decade despite many efforts made to increase it to 25%.

Other discussion at the meeting will be on increasing India’s share in global merchandise and services trade.  (KNN Bureau)