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Union Minister of Commerce and Industry Inaugurated Services Conclave 2013

Nov 13, 2013 10:35 IST

The Union Minister of Commerce and Industry Anand Sharma inaugurated Services Conclave 2013 on 12 November 2013. During the occasion, Anand Sharma highlighted that services trade is an essential ingredient to economic growth, sustainable development and contributes prominently to employment generation.

It is worth noticing that 80 percent of India’s total exports are dominated by the high skilled services including software business services, financial services and communication services. Also, exports from IT&ITES in the year 2012 stood at 1.40 lakh crores Rupees, registering a growth of over 70 percent over the year 2011.

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About Services Conclave 2013

• Services Conclave 2013 has the focus on few select sectors that have the potential for India’s service sector export strategy.
• The Services Conclave 2013 will deliberate on a roadmap for augmenting exports of various services so as not only to diversify India’s services exports but also to position India as a key player in world services trade.
• The Conclave is organised by the Department of Commerce in collaboration with the Confederation of Indian Industry (CII) with support from the Federation of Indian Export Organisations (FIEO) and Centre for WTO Studies (CWTOS).
• The primary aim of the Conclave will be to address issues relating to the challenges and opportunities of Services sector exports for India especially in the specific sectors of logistics, professional services (Architectural services, accountancy, management consultancy services), IT/ITeS, telecom services, tourism, health and medical services and creativity and entertainment services.

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