New Delhi, April 27. India achieved the export target of $ 400 billion, i.e. 30 lakh crore rupees in financial year 2022, announced Prime Minister Narendra Modi in his radio programme Mann Ki Baath today. Highlighting the achievement as more related to the capability of the country than numbers, the Prime Minister said it signifies, the potential and transformation of systems of India.
He pointed out that the value of exports which used to be $100 billion,to $ 200 billion once, has grown exponentially to reach $ 400 billion dollars now. In a way, this means that the demand for items made in India is increasing all over the world; the other takeaway is the supply chain of India is getting stronger by the day, Mr. Modi said.
Meanwhile it is pointed out that the high commodity prices which have been existing in the world markets has helped the country to record the impressive export growth. Commodities are raw materials ranging from farm produce like wheat, rice, metals including iron and steel, textiles and even oil. India recoded significant growth of iron and steel and oil products over the last year.
The Prime Minister said old systems and typical bottlenecks that have hampered the business progress of India’s small entrepreneurs are changing. The produce of farmers, artisans, weavers, engineers, and small entrepreneurs of the MSME sector; are now in much demand in different parts of the world
GeM e-Market place
Small entrepreneurs are playing a major partnership role in government procurement at present through Government e-Market place i.e. GeM, said Mr. Modi. A much transparent system has been developed through technology. During the last one year through the GeM portal, the government has purchased items worth more than one lakh crore rupees. Close to 1.25 lakh small entrepreneurs, small shopkeepers from every corner of the country have sold their goods directly to the government. There was a time when only big companies could sell goods to the government, but that has now been changed, said Mr. Modi.
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