(a) whether the exports from the country have declined in comparison to the previous year;
(b) if so, the details thereof alongwith the reasons therefor; and
(c) the steps taken by the Government in this regard?
(a) whether the exports from the country have declined in comparison to the previous year;
(b) if so, the details thereof alongwith the reasons therefor; and
(c) the steps taken by the Government in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY ( SHRI E.V.K.S. ELANGOVAN)
(a) No, Sir. In fact, India`s exports registered an increase of 22 percent at US$ 51.5 billion in the current financial year 2005-06 (April-October) compared with US$ 42.2 billion during the same period of the previous year.
(b) Does not arise.
(c) The Government has taken a number of initiatives to promote exports. These, inter-alia, include bringing into force the SEZ Act 2005 to trigger a larger flow of foreign and domestic investment in infrastructure and productive capacity; setting up Free Trade Warehousing Zones (FTWZs) which would get all the benefits available with SEZs; giving a major thrust to procedural simplification to reduce transaction cost of exporters and signing regional trade agreements to leverage exports in line with India`s comparative advantage.