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'Exports key to boost GDP'

As the Prime Minister Narendra Modi has set an audacious target of making India a $5-trillion economy by 2024-25, exports play a significant role in boosting the GDP growth of the country, said Jayesh Ranjan, Telangana Principal Secretary for Industries & Commerce and Information Technology Departments.

Jayesh Ranjan
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Jayesh Ranjan

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Hyderabad: As the Prime Minister Narendra Modi has set an audacious target of making India a $5-trillion economy by 2024-25, exports play a significant role in boosting the GDP growth of the country, said Jayesh Ranjan, Telangana Principal Secretary for Industries & Commerce and Information Technology Departments.

He also insisted on best quality as the exporters have to compete with the rest of the world. As the chief guest, he was addressing a gathering at Vanijya Saptah – 'Showcasing the strengths of India as a rising economic Force and reinvigorating exports of Telangana' organised by Pharmexcil in association with Telangana government to commemorate 75 years of independence on Tuesday.

Speaking about Telangana, he said: "The State has huge export potential. Though the export infrastructure was not planned five decades ago, Telangana government's recent initiatives like aerospace and food processing policies – will play level playing field to the exporters. The State has developed the necessary infrastructure to make it a hub of exports and imports."

The event has several distinguished speakers including Bharat Biotech CMD Dr Krishna Ella, Ministry of Commerce and Industry Department of Commerce Joint Secretary Srikar K Reddy, Additional Directorate General of Foreign Trade G Seetharam Reddy, Telangana export commissioner Krishna Bhaskar and Pharmexcil Director General Uday Bhaskar.

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