Lok Sabha Question No. 778 (UNSTARRED), answered on 2024-02-07
Subject: Enhancing of Sunrise Sectors
Ministry: COMMERCE AND INDUSTRY
Asked by: Kani K. Navas

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 778 ANSWERED ON 07/02/2024

## ENHANCING OF SUNRISE SECTORS

## 778. SHRI K. NAVASKANI:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मंत्री ) be pleased to state:

- (a) whether the Government subscribes to the view that it must enhance sunrise sectors like electronics,  pharma  and  high  technology  and  should  continue  to  focus  on  agricultural  exports, where the country is already doing well;
- (b) if  so,  the  details  of  the  steps  that  are  proposed  to  be  taken  by  the  Government  in  this regard; and
- (c) if not, the reasons therefor?

## ANSWER

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## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SMT. ANUPRIYA PATEL)

- (a) The export promotion activity of the government is a continuous activity and it is a fact that Electronics, Pharma, Engineering and Agricultural exports have done well in the past decade. The export performance of the above stated sectors is as below:

Values in US $ bn

| Commodity                 |   2014-15 |   2022-23 |   Growth(%) |
|---------------------------|-----------|-----------|-------------|
| DRUGS AND PHARMACEUTICALS |     15.43 |     25.39 |       64.55 |
| ELECTRONIC GOODS          |      6.26 |     23.55 |      276.21 |
| ENGINEERING GOODS         |     73.07 |    107.04 |       46.48 |
| AGRICULTURE               |     37.16 |     52.34 |       40.87 |

Source: DGCIS

(b) & (c) The steps that have been taken by Government to enhance export are as follows:

(i)   New Foreign Trade Policy has been launched on 31st March, 2023 and came into effect from 1st April, 2023.

(ii)   Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended upto 30-06-2024.

(iii)      Assistance  provided  through  several  schemes to  promote exports, namely,  Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.

(iv)        Rebate  of  State  and  Central  Levies  and  Taxes  (RoSCTL)  Scheme  to  promote labour oriented sector export has been implemented since 07.03.2019.

(v)   Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been implemented  since  01.01.2021.  With  effect  from  15.12.2022,  uncovered  sectors  like pharmaceuticals, organic and inorganic chemicals and article of iron and steel has been covered under RoDTEP. Similarly, anomalies in 432 tariff lines have been addressed and the corrected rates have been implemented with effect from 16.01.2023.

(vi)  Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.

(vii)    Districts  as  Export  Hubs  has  been  launched  by  identifying  products  with  export potential  in  each  district,  addressing  bottlenecks  for  exporting  these  products  and supporting local exporters/manufacturers to generate employment in the district.

(viii)    Active  role  of  Indian  missions  abroad  towards promoting  India's trade, tourism, technology and investment goals has been enhanced.

(ix)      Regular  monitoring  of  export  performance  with  Commercial  Missions  abroad, Export Promotion Councils, Commodity Boards/ Authorities and Industry Associations and taking corrective measures from time to time.

(x)    India  has  signed  a  free  trade  agreement  with  UAE  and  Australia.  India  has  also allowed  rupee  trading  in  special  Rupee  Vostro  Account  with  friendly  countries  to facilitate trade.

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