Indian exports cross $100bn
New Delhi: India's exports have crossed $100 billion in 2005-06, registering a growth of 25 per cent. Imports meanwhile have increased to $140 billion in 2005-06, up 32 per cent from last fiscal, with non-oil imports accounting for $97 billion.

Announcing the annual supplement 2006 to the Foreign Trade Policy, commerce and industry minister Kamal Nath stated that the "Vishesh Krishi Upaj Yojna" has been expanded to include village and cottage industries.

He also introduced two new schemes - focused product scheme and focused market scheme - to promote exports of specific products such as fish, leather, sports goods, and handlooms in specific markets like Africa.
Back to News Review index page  

Govt. plans to attract long-haul flight stops
New Delhi: India will now club refuelling of long distance flights along with other exports and bring them under the export promotion scheme, in order to make India a major refuelling stop for airlines. Commerce and industry minister Kamal Nath said on Friday that supplies, such as food and beverages, to international flights would be treated as exports.

"This will hopefully enable India to offer competitive fuel prices and will attract mid-route stops of international flights," Nath told a business seminar.
Back to News Review index page  

Govt. aims at 20 per cent export growth in 2006-07
New Delhi: India is targeting 20 per cent growth in exports in the current financial year as demand from traditional and new markets increases, commerce and industry minister Kamal Nath said on Friday.

"We have seen the trade winds changing. The centre of gravity of trade has shifted from the Atlantic Ocean to the Indian Ocean," Nath said.

Unveiling a series of steps to boost trade, the minister said exports could hit $165 billion by 2009/10. The minister also stated that imports of precious metals and stones easier would be made easier in order to promote export of gems and jewellery.
Back to News Review index page