The country\u2019s focus is to keep the World Trade Organization strong, said Union Commerce Minister Suresh Prabhu on Saturday, at a programme organised by the Federation of Indian Export Organisation in Kolkata. While addressing the programme, he said that the Indian government is not providing any subsidies to exporters and that it is a big misconception. He said that the government supports them in order to minimise their hardships when they enter the global markets.<\/p>\n
\u201cOur focus is to keep the WTO alive and stronger. We never had such challenging times in global trade. Existence of the WTO is under threat. People are questioning accepted trading practices,\u201d said Prabhu. He further talked about the proposal which is pending with the Cabinet of having missions in foreign countries to support exporters.<\/p>\n
\u201cWe are talking to the finance ministry and the Reserve Bank of India to treat export as a priority sector in lending,\u201d he said.<\/p>\n
Prabhu, who is also the Union aviation minister, said that the Centre is planning to make India a hub of aircraft and drone manufacturing, while delivering second CII Suresh Neotia Memorial Lecture in another programme. \u201cThe aim is not only to create millions of jobs and boost the economy but also to position India as a global leader,\u201d he said.<\/p>\n
The minister said the government is working on a policy for aircraft components manufacturing. \u201cWe are already in discussions with the secretaries of the key departments as well as international aircraft manufactures, including Boeing and Airbus. We are creating a comprehensive Policy for 2035 in Aviation, a sector in which India has been clocking 20 per cent growth in the past few years. It is a sector where India can play a leadership role in the world,\u201d he said. The government, Prabhu said, is also exploring new markets and planning to manufacture drones in India on a large scale. \u201cDrones will play a big role; it will be a trillion-dollar market. We are preparing a comprehensive plan for manufacturing drones in India,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
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