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Dhaka given priority

Delhi’s bid to triple export earnings
NEW DELHI. Erb 12: In an ambitious bid to triple export earnings by the turn of the century. India has unveiled a plan to focus on 15 countries including Bangladesh and 15 products in sharp contrast to the earlier policy of concentrating on 34 extreme focus items, officials of the Commerce Ministry told SANA News Service here yesterday.
Export volume has been targeted to rise from 31 billion US dollars to a massive 75-100 billion dollars in the next five years.
In a deft management gambit, the Minister of State for Commerce. P Chidambaram. has unveiled a " country-commodimatrlx" for 15 destinations and 15 products together with some " new products" and new markets". His audience composed of ambassador's cap-( tions of Industry's leading chambers of commerce and industry.
The presentation was designed to bolster India s export promotion drive by stepping up its share in global trade from a meagre
0.6 per cent to one per cent by the turn of this century.
India has in the meantime announced plans for an India Brand Equity Found with a seed capital of 75 crore rupees to be contributed by both the government and industry.
An Investment of 75 crore rupees would result in an exponential export volume of 10.000 crore rupees over a period of time if the thrust areas are concentrated through focused attention and action."
Officials of the Indian Commerce Ministry told SANA here that both the Prime Minister and the Finance Minister have supported the scheme which would be set in notion by early next month. Re-said Chidambaram asked the in-dustry to contribute generously to popularise Indian products abroad.
The 15 identified countries are the US. Japan. Germany, the UK . Hong Kong, the UAE. Belgium. Italy. Russia. Singapore. Bangladesh. Netherlands. France. Saudi Arabia and
Thailand. The countries together accounted for 20 million US dollars of the 26.2 billion dollars export volume in 1994-95.
The 15 products are gem and jewellery, readymade garments (RMG). cotton yarn, fabric, and madeups. marine products, drugs and pharmaceuticals, transport equipment, metal manufactures. machinery and instruments. leather manufactures, manmade yarn, oil meals, leather footwear, dyes/intermediates, plastic and linoleum products.
Referring to pmerging markets and products. Chidambaram said these include the UAE. Malaysia. UK. Sri Lanka. Singapore. Saudi Arabia. Bangladesh. Germany. Netherlands. Russia and Fiance, while the products identified for this segment include fruits and vegetables, processed fruits and Juices, sports, goods, cosmetics and toiletries, woolen ( yarn, fibre and madeups), RMG (Silk). RMG ( wool), electronic goods and computer software.