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India will definitely be able to become a 5 trillion dollar economy within 7-8 years, and a 10 trillion dollar economy by 2035: Union Minister for Commerce & Industry

India’s exports in 2017-18 were the highest in last six years: Union Commerce Minister

Attain a ‘New India’ export target of 75 billion dollars by the year 2022: Commerce Minister to jewellery industry

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The Union Minister for Commerce & Industry and Civil Aviation Shri Suresh Prabhu has said that India’s exports in the year 2017-18 were the highest in last six years. He added that India’s exports have been growing at a higher rate in the last few months. He said that if we continue this, India may be able to register record growth in exports in the year 2018-19. The Minister was speaking as Chief Guest at the presentation ceremony of 44th India Gem & Jewellery Awards 2017, organized by Gem and Jewellery Export Promotion Council (GJEPC), in Mumbai today.The Minister said that he was able to witness a strong sense of camaraderie among industry stalwarts, which he said would enable the industry to grow faster in times to come. He said that if the industry works with a team spirit, it will definitely be able to rise up to its great potential.

The Minister also commended the Corporate Social Responsibility activities of the diamond business, noting that the industry used to undertake CSR activities even before the amendment to the Companies Act mandated 2% of after-tax profits to be spent on this.

The Minister congratulated the export awardees and wished the industry all success.
Teennews1 News Desk

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