Commerce Ministry will soon come up with the state specific export strategy: Prabhu

New Delhi, Oct 27 (KNN) In a bid to boost merchandise and service exports, Commerce Ministry will soon unveil a comprehensive state specific export strategy, said Suresh Prabhu, Commerce Minister.

Speaking at the Export Summit organised by industry chamber CII in Delhi, Prabhu said that the strategy has been prepared in taking inputs from sectoral ministries.

After consultations with concerned ministries and stakeholders a matrix of specific action points have been prepared sector wise, commodity wise and territory wise, he explained.

Further he added that the strategy will be 'released in a few days'.

Besides, an agri-export policy will also be in place soon, said Prabhu. 

Also to boost service exports, government has identified 12 champion service sectors including IT, healthcare and tourism and set aside Rs 5000 crore to promote those sectors, he added. 

The government is also revamping its project export strategy and preparing country and region specific export guidelines.

In addition, champion merchandise sectors that includes gems and jewellery, leather, textile and apparels will also get special support from the government, said Prabhu. 

According to the minister, the government's export friendly measures have caused India's exports to grow by 9.8 per cent in financial year 2017-18. 

"This is exceptional in the light of huge decline in export growth in the previous years", he said. 

Further, the positive growth in exports happened at a time when there are a lot of negative headwinds globally, the minister added.

Apart from this,  Parbhu informed that he is personally monitoring the progress and regular meetings are being held with sectoral ministries, export promotion councils and exporters.