New Delhi: A day after doling out sops to exporters,
commerce and industry minister Kamal Nath today said that
the government would bring out a trade leveraging policy
apart from a special package for textiles, tea and coffee
sectors to further push up exports.
is one of the few countries in the world which will have
incremental growth in its human skill resources in the
coming years. We have never leveraged trade. I am going
to work on trade leveraging policy. We have to see trade
not only as a foreign exchange earner but also as a net
employment generator," Nath said at a FICCI seminar
on the foreign trade policy.
the multi-fibre agreement is coming to an end in 2005,
the minister said that the government would look at the
entire textile chain and come out with a textile policy.
said that his ministry would also organise a seminar on
textiles in the next one month to discuss issues emerging
in the post quota regime.
that the days of government subsidising inefficiency were
over, Nath said that the industry would have to match
the strength of its competitors in order to achieve a
quantum jump in its exports.
said issues like the inverted duty structure needed to
provide a level playing field to the domestic industry
particularly under regional and bilateral agreement would
be addressed soon.
minister also admitted that infrastructure was the weakest
link in the export chain but assured the industry that
providing infrastructure facilities was a priority for
that the foreign trade policy contained various measures
for agro sectors like floriculture, he said the government
was now looking at providing a special package to tea
and coffee sectors.
at CII, the minister said that he had convened a meeting
with the tea industry on the September 16-17, 2004. Nath
said India should play offensive in the agriculture sector
and treat it as one of the major thrust areas to achieve
high export growth.
minister asked CII to prepare a paper on deemed exports
and project exports. He said the government would consult
the industry in the setting up of the board of trade.
Terming fruits, flower and vegetables
as sunrise areas for export, the minister said the government
would consider formulating separate policies to push their