Experts advise to explore export potential of garments, jewellery and pharma

New Delhi, Feb 20 (KNN) Economic and trade experts have suggested the government to utilise the export potential of sector such as garments, gems and jewelry, pharmaceuticals, marine products etc.

They have identified these sectors as India’s traditional export strengths.

This was discussed during a closed-door meeting organised by CUTS International for a group of eminent trade and economic policy experts in New Delhi.

The aim was to deliberate on how to foster a narrative of trade optimism and counter trade skepticism in India.

This should be accompanied by a focus on greater value-addition even within these product groups, said the experts.

While India is already undertaking policy measures to improve its performance in capital-intensive and skill-intensive exports, there was a sense that more needed to be done to enhance India’s labour-intensive exports.

The need to bolster overall levels of competitiveness by upgrading logistics, involving state and local administrations, and entering into Free Trade Agreements (FTAs) was also highlighted.  (KNN Bureau)