(PTI)
The government is committed to increasing India’s contribution to global trade in a “very significant” manner, Commerce and Industry Minister Suresh Prabhu said today. He said he was looking forward to the country, which has about 1.7 per cent share in global trade, taking a rightful place in the world community as a significant player.
Speaking at the foundation stone laying ceremony of the International Exhibition-cum-Convention Centre (IECC) and the Integrated Transit Corridor Development Project here, Prabhu said that both imports and exports contribute significantly to improving the country’s GDP.
“When we import something, that also adds to consumption, adds to the capacity of Indian manufacturing to create world- class products. Obviously when we export, it creates new capabilities,” he added.
