Global trade fairs on cards; sectoral targets for $1 trillion exports by ’30
July 3, 2023
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India is mulling mega trade fairs for food, textiles and auto components, on the lines of Messe Frankfurt, Gulfood and Canton Fair, to achieve 12% growth in goods exports by 2030. These suggestions figured in a meeting held by commerce and industry minister Piyush Goyal with industry and exporters on Monday.
Officials said investment promotion arm Invest India, which is also drawing up the country’s trade strategy, has identified 100-odd companies across 30 sectors and 30 countries, and around a 100 more being shortlisted as part of the Strategic Investment Targets Initiative. Besides, sectoral targets have been set for $1 trillion goods exports by 2030.
The commerce and industry ministry has identified 12 priority countries including the US, Canada, Germany, Brazil and South Korea where Indian exporters would do global exhibitions.
“There is a need to scale up our exhibitions and invite foreign companies to exhibit here,” said an official. The push for export promotion activities comes amid falling outbound shipments.
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