The Government of India is working towards a target of reaching one trillion dollars in exports by 2022.
The Government of India wants manufacturing exporters to achieve this goal.
This will increase exports, increase foreign exchange earnings and increase employment in India.
The central government has selected 6 departments for this purpose.
Chemical
Medical products
Electronic products
Vehicle and spare parts.
Industrial machinery.
Textile.
Exports are likely to increase many folds as the central government is paying serious attention to these sectors.
When that increases, those who were already exporting will get a lot of orders.
New entrants to the export industry have a chance to succeed in this field.
If we are to become a manufacturing exporter in such sectors, huge investment is required. We should not forget that those who cannot invest in such a way have the opportunity to develop their business locally through job work.
It is also a fact that exporters in these highly employment-generating sectors can export at low margins.
Because China is our big competitor in such fields.
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