India explores export opportunities using missions abroad

22 Jun '20

2 min read

Pic: Shutterstock

India’s commerce ministry has shared a list of over 1,500 products, including leather and textiles, with Indian missions to explore export opportunities in their countries for domestic firms. The move is aimed at involving Indian overseas missions in securing alternate supply chains and market opportunities for domestic exporters hit by the pandemic.

Different export promotion councils are in touch with about 15 missions that have responded for organising digital business-to-business meetings.

The ministry has analysed 1,054 major products of import from China and has identified 168 items where India has critical dependence on the neighbouring country. Similarly, 550 products were identified where both India and China are significant exporters, and where India could help fill gaps in global supply chain, according to a news agency report.

Commerce and industry minister Piyush Goyal urged Indian missions last month to play a key role in identifying business opportunities for domestic companies, exporters and make India a preferred investment destination.

The minister, along with external affairs minister S Jaishankar, have interacted with 131 missions from different geographies through video conferencing.

Meanwhile, to promote trade and the opportunities for Indian companies in the post COVID-19 era, the Indian Embassy in Guatemala is starting today a five-day Virtual Healthcare & Hygiene Expo 2020 targeting Central American nations.

The focus will be on critical sectors like pharmaceuticals, medical devices, medical textile, hygiene and sanitisation.

Fibre2Fashion News Desk (DS)

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