PHDCCI lists 75 potential products for exports
Says tapping 9 sectors will enable India to reach $750-bn exports by 2027
image for illustrative purpose
New Delhi: Industry chamber PHDCCI on Sunday said it has identified as many as 75 potential products from nine sectors, including agriculture and minerals, and many markets like the US and Europe, which can help take India's exports to $750 billion by 2027.
Sanjay Aggarwal, President, PHDCII, said that the US, Canada, Germany, France, UK, Japan, UAE, China, Mexico, Australia, among others would be the major focused markets in the next 75 months to achieve the goods export target.
According to the report of the chamber, the potential products include Fish, meat, cotton, ores, mineral fuels, chemicals, rubber, textiles, footwear, iron and steel, boilers, electrical machinery, vehicles, aircrafts, furniture, mattresses, toys, and sports items.
Currently, these products contribute around $127 billion, which is around 46 per cent of the total exports from India, Aggarwal said.
"At the global level, theseproducts also have significant 21 per cent presence in the total global exports, whereas India's share of these 75 products currently is only 3.6 per cent," he added.
