‘No plan to revise export target’

Our Economic Bureau

New Delhi, Oct 17: There is no need to "revise" the 12 per cent export growth target (in dollar terms) set for the current fiscal, notwithstanding the global slowdown as also the ongoing American military strikes on Afghanistan following the September 11 tragedies in the US, commerce and industry minister Murasoli Maran said on Wednesday.

Mr Maran also said a medium-term export strategy for the period 2001-06 was also being finalised and was expected to be announced by end-November. This strategy along with other policy measures are designed to achieve a quantum jump in exports during this five-year period. The key elements of the strategy include examination of the import basket of the country’s major trading partners, examination of the country and commodity details of major exports along with macro issues affecting India’s exports.