Promoting The Export Of Textiles And Clothing, India's New Foreign Trade Policy Plays A Major Role.

India Industrial textile Minister Anand Sharma announced 2009-14 years and 5 years Foreign trade policy Supplemented by 2012-14, the aim is to make the necessary amendments to enable India to complete its export target of 500 billion US dollars for 2013-14 years.

This is indeed a difficult task. The purpose of this policy is to increase export speed in the face of the weakening global demand and the economic crisis that broke out 4 years ago.

The minister said that the difficult economic situation under the euro zone crisis posed a real threat to the unstable fragile economic recovery and the world once again plunged into another recession. We are facing unprecedented commodity price fluctuations. Last year, oil prices were high and India import bills increased.

He said that a stable policy system has always been a key factor in our foreign trade policy. We plan to implement this system and supplement and amend it annually according to the seven principles.

(a) to further promote the intensive industries, because exports contribute not only to the economy, but also to the creation of income generating jobs.

(b) encourage domestic manufacturing industry Invest in the export industry and reduce dependence on imports;

(c) promoting upgrading and upgrading of export technology and maintaining competitiveness in the global market;

(d) adhere to a strong market diversification strategy to deal with global uncertainty risks;

(E) encourage exports in the northeast region, because the region has a special position in India's economy.

(f) to provide incentives for the production of green products and to recognize the urgency of capacity-building for sustainable environmental development;

(g) strive to reduce spanaction costs by simplifying procedures and reducing man-machine interface.