India’s manufactured goods exports increase 20%
23/08/2005
According to India ’s Union Minister of Commerce & Industry, Shri Kamal Nath, the share of manufactured goods in India
Shri Kamal Nath added that the government had initiated action to further increase exports of manufactured goods which would result in significant value addition. The strategies formulated to encourage manufacturing activities include technological and infrastructural upgrades, the correction of inverted duty structure and ensuring that domestic industry is not disadvantaged in the Free Trade Agreements/Regional Trade Agreements. Government schemes such as the Integrated Leather Development Scheme (ILDS), the Technology Upgrade Fund Scheme (TUFS) for modernisation of the Textile and Jute industries, and the Industrial Infrastructure Upgrade Scheme (IIUS), etc. are already in operation to further augment the export of manufactured goods”, the minister said.
Shri Kamal Nath added that the government had initiated action to further increase exports of manufactured goods which would result in significant value addition. The strategies formulated to encourage manufacturing activities include technological and infrastructural upgrades, the correction of inverted duty structure and ensuring that domestic industry is not disadvantaged in the Free Trade Agreements/Regional Trade Agreements. Government schemes such as the Integrated Leather Development Scheme (ILDS), the Technology Upgrade Fund Scheme (TUFS) for modernisation of the Textile and Jute industries, and the Industrial Infrastructure Upgrade Scheme (IIUS), etc. are already in operation to further augment the export of manufactured goods”, the minister said.
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