A brainstorming session on Services Exports organised by Department of Commerce, under the Chairmanship of Shri B.V.R. Subrahmanyam, IAS, Commerce Secretary, highlighted the need to leverage ongoing FTA negotiations to seek better market access.
The event, organised in partnership with the Services Export Promotion Council (SEPC), which had representation from across sectors, saw discussions on challenges, opportunities and the way forward for boosting services exports from India. Recommendations and suggestions were also made regarding branding of services sectors, promotions of services sector through road shows, setting standards, having a robust mechanism for reporting of data related to services, skilling of manpower, addressing regulatory bottlenecks etc. Incentive schemes for specific sectors, in order to boost exports, were also requested by industry.
B.V.R. Subrahmanyam, Commerce Secretary underlined the importance of the services sector as a key driver of the country’s economic growth and assured the participants that necessary Government support would be extended to realise the full potential of service sectors and to remove any constraints in this regard.