Government to hire 1,000 professionals to help exporters

NEW DELHI: Government is planning to hire 1,000 young professionals to engage with businesses and exporters across the country to push greater utilisation of benefits under FTAs and help India diversify its product basket and export markets.

While recently implemented agreements such as those with Australia and UAE have seen high utilisation of preferences, those with Asean, Japan and South Korea have recorded relatively low use, which govt has argued is partly due to poorly drafted agreements.

With businesses in India focusing more on growing domestic market, the government wants an additional push for goods moving out of the country using lower duties under FTAs so that manufacturing gets a boost.

The professionals are proposed to fan across India, interacting with business chambers and exporters to help them tap the overseas markets and identify potential exporters.

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