HYDERABAD: Governor Tamilisai Soundararajan has called upon manufacturers and exporters to aim at increasing India’s share in global trade.
She was speaking at an event organised by the southern region chapter of Engineering Export Promotion Council (EEPC) in the city on Wednesday.
“India, at present, accounts for only two per cent of the global trade. We all need to work towards government of India’s target of having five per cent share within the next few years to become a USD $5 trillion economy,” Soundararajan emphasised.
On the occasion, she also presented awards to best performing companies in the southern region.
The Governor expressed her happiness over the fact that companies from the south are performing well on the exports’ front. She said the central government has implemented many schemes to improve exports. She underscored the importance of taking pride in one’s work and ensuring quality in the product.
“As manufacturers and engineers, I appreciate your efforts for bringing value to the country. What you export today is something we used to import in the past,” Soundararajan pointed out.
EEPC India vice-chairman Mahesh K Desai, while welcoming the recent Union Budget, appealed to the central government to help reduce costs for exporters. He said manufacturing costs were comparatively lower for companies in China than in India because of differences in the taxation system....