NEW DELHI: Prime Minister Narendra Modi on Friday interacted with heads of Indian missions abroad and stakeholders of trade and commerce sector on via video conferencing.
The event was a clarion call by the PM for 'local goes global'.
It is being attended by secretaries of more than 20 departments, state government officials, members of Export Promotion Councils and Chambers of Commerce
Here are the key points from PM's address:
* Four factors are important for increasing our exports - increase manufacturing, improve transportation and logistics, government should walk shoulder to shoulder with exporters, and international market for Indian products.
* We have to try that there is a natural demand for high value-added products of India in every nook and corner of the world.
* At present our exports comprise about 20 per cent of gross domestic product (GDP). Considering the size of our economy, our potential, the base of our manufacturing and service industry, the sector has the potential to grow a lot.
* This is the time for us to start a new journey with new goals for 'Brand India' and establish a new identity of quality and reliability.
* Today the world is getting smaller and smaller every day due to physical, technological and financial connectivity. In such a situation, new possibilities are being created around the world for the expansion of our exports.
* Production-linked incentive scheme will help enhance scale of our manufacturing sector and ensure global quality and efficiency.
* This will also aid in creating an Atmanirbhar Bharat and give boost to the made in India ecosystem.
* Domestic mobile phone manufacturing has brought down imports from $8 billion to $2 billion, boosted exports from $0.3 billion to $3 billion.
* The government recently took a big decision regarding exporters which will give them a boost of about Rs 88,000 crore in form of insurance cover.
* Rationalising export incentives, making our exports WTO compliant will also boost our exports.
* The decision taken by India to get rid of retrospective taxation shows our commitment and consistency in policies.
