Recently the Union Commerce Minister announced FTP for the year 2008-09 and also announced an export target of US$ 200bn. Perhaps, the Union set SEZ’s target for the year 2008-09 of Rs 125k crores and expected the council to announce their target, the GJEPC tendered no offer!

Later, Shri Sanjay Kothari-chairman, GJEPC said in Mumbai that the target for the 2008-09 could be of US$ 25bn.
The GJ export share is about 14% of total India’s merchandise exports, this year the industry’s share is about 13.41%! And if the total target is of US$ 200bn and the GJ export share is of 14% that could be a target of US$ 28bn, or US$ 27bn if tat share about 13.5% in the total national export basket.

Defacto the industry never shy to meet such challenges yet, global slowdown, the US slump and so on related   factors to be considered in to account. Else, it was forecasted & inked in the ‘India in global village: 2007’ that the GJ Export industry is capable enough to export worth of US$ 25bn by 2007!

I think to share 12.50% is a moderate math’s to rock over the target! Say, given target for 2007-08 rocked over by 13% and the GJ export grew at 22.27%!