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The Associated Chambers of Commerce and Industry of India has mentioned that India should aim for exports worth $300 billion by 2014, since the world is expected to recuperate completely from economic meltdown by then.
"Export zone requires sustained support as it has suffered the most during the economic downturn," said Assocham president Swati Piramal while assessing an export ministry report.
"A national goal for exports of $300 billion by 2014 would be a step in the right direction for which consultation process should begin now," Piramal added.
According to Assocham the minimum alternative tax, which is being charged on the exported goods has to be restricted. It has also asked the government to provide exporters with separate berths at major ports.
It stressed on the need for export subsidisation on the lines of economies of scale like that of China to create space for Indian products in markets such as Africa, South America, Nepal, Sri Lanka, Bhutan, Burma, Bangladesh and Pakistan.
Assocham has also called for rationalising the freight rates.
