SCALE Identifies 5 Sectors To Boost Exports

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SCALE Identifies 5 Sectors To Boost Exports

Steering Committee for Advancing Local Value-Add and Exports (SCALE), chaired by Mahindra & Mahindra MD and CEO Pawan Goenka, has suggested sector-specific strategy to boost local manufacturing and exports. The committee, which has submitted its report to the Commerce Ministry, has identified five key sectors including auto and auto components, textiles, furniture, fisheries, and toys as pillars for Atmanirbhar Bharat where specific action would help in scaling up exports. The suggestions across the five sectors include encouraging MNCs and foreign players to make India their manufacturing hub for exports, creation of export hubs, mega parks, clusters, to encourage investment in manufacturing and exports. While SCALE has identified textiles as a focus sector for boosting exports, it may be noted that increased manufacturing and exports of automobiles, furniture and toys will also boost demand for textiles.