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Explore new export markets: Scindia

Jyotiraditya Scindia, Union Minister of State for Commerce and Industry, stated that Indian exporters should look into new markets in order to achieve the USD300 billion export target in 2012-13.

Scindia suggested exploring Latin America and Africa as export markets, SME Times reports.

Scindia was speaking at an award function by the Indian Institute of Gems and Jewellery (IGJI) in New Delhi.

"In future, export growth would come from Latin America, Africa, parts of Asia, Indonesia and Oceana," Scindia stated.

"In fact, the commerce ministry has already tinkered its foreign trade policy, giving new incentives to exporters who ship out products to the new markets," Scindia added.