"He assured them that the government will be a pro-active supporter and facilitator in their efforts, and the Indian Missions abroad can play an important role in that."
The Minister said that incentives can be given, but they have to be justified, reasonable, and WTO-compliant."
Besides, Goyal said the Ministry is working on identifying the specific sectors, which can be taken forward in the immediate future for export purposes.
"He said that India is going to have a bumper Rabi harvest this season, and our storage facilities are overflowing... He said that this seems to be a good opportunity for export of agricultural and processed food items," the statement said.
The Minister exhorted the Export Promotion Councils to undertake brainstorming sessions with its members, and come up with "similar actionable, big-ticket ideas".
India should leverage technology
in the post-Covid-19 scenario to tap consumption-based economies like the US and Japan, former Union minister and Rajya Sabha member Suresh Prabhu
said on Wednesday. Prabhu said in the future, manufacturing
will be technology-driven and not create enough job opportunities.
"US, China, Japan are huge consumption-oriented economies; India should leverage technology
towards manufacturing to cater to these markets," Prabhu was quoted as saying in a Merchants Chamber of Commerce statement.
Focus will shift towards the East, and India can take advantage of this, he said, adding, the strategic location of Kolkata can help the eastern region grow faster.