India`s services exports basket needs to be expanded: Scindia
MoS for Commerce & Industry Jyotiraditya Scindia has said the country`s export basket of services needs overhauling in order to grab no 1 position in shipments.
New Delhi: Minister of State for Commerce
and Industry Jyotiraditya Scindia on Friday said the country`s
export basket of services needs overhauling in order to grab
number one position in shipments.
"Basket of services need re-engineering. Today our basket
is mainly of IT and BPO. We have to expand it to education,
tourism, engineering and other spheres and make sure that we
become market leaders," Scindia said at a valedictory session
of CII National Conference on "Services Export" here.
He added that the bouquet of services should be as wide
and comprehensive as possible.
Scindia said that the services sector has given face to
Stressing the need to tap new markets like West Asia,
South Africa, Asean, CIS countries and Latin America, to
compete with the neighouring countries, he said, "The
government needs to play a role in bringing structural changes
in policies to allow sectors like healthcare, education,
engineering and aviation to flourish."
Referring to countries like China, he said that the
country should focus on low cost and greater quality services.
India`s services exports in 2007 (calendar year) stood at
over USD 85 billion.