EXPORTERS URGED TO STRIVE FOR HIGHER SHARE OF WORLD TRADE
Date : 09 May 2001
Location : New Delhi
Shri Omar Abdullah, Minister of State for Commerce and Industry, has urged the exporters to strive for raising India's share of world trade from the present meagre level of 0.7 per cent. At the "Niryat Shree" and "Niryat Bandhu" Award ceremony organised by the Federation of Indian Export Organisations (FIEO), here today, Shri Abdullah said: "We thus have to not only raise this (share) substantially, but also do it fast. Exporting requires a tremendous degree of knowledge of different aspects of the markets, and imaginative presentations, projections and selling of products and services. This is besides the fact that our goods and services will have to be world-class, competitively priced and delivered as per commitment. In addition, we should acknowledge that good business ethics and fulfilment of a given commitment in every respect will lead to building up of sound credentials, which is the final mark of a success of an exporter". Shri K.K. Jain, President, FIEO was also present on this occasion.
Congratulating the award winners, the Minister commended FIEO for instituting awards like Niryat Shree and Niryat Bandhu which not only
recognised outstanding export performance by its individual members but also the able and dedicated support provided by banks, export promotion councils and others. He also commended FIEO for recognising the performance of services exporters also, adding that this was the right step. While giving total credit to exporters and supporting organisations for their outstanding performance which underlined an innovative mindset as well as the will to overcome existing handicaps of infrastructure and high transaction costs, Shri Abdullah reiterated the need to bear in mind that "our exports are quite insignificant compared to the export levels reached by some other countries which are much smaller in term of size and resource than India".
In his speech, Shri K.K. Jain, President, FIEO said that mere competence in terms of quality, prices and delivery services was not enough in this fiercely competitive WTO-governed trade regime. He said that there was a need to increase productivity, to anticipate the buyers’ needs and demands, and accordingly introduce new products, designs and develop new markets. He also emphasised the need for Indian exporters to adopt the E-commerce practices. Shri Jain expressed hope that due to the various improvements effected by the Government and the enterprising spirit and resilience of India’s exporters, India would exceed this year the export growth rate of 20 per cent witnessed in the last fiscal, despite a slowdown in the US economy.