India maps out post-Covid export plan to take on China

NEW DELHI: India has begun work on a continuity plan to kick-start exports once the country emerges from the shadows of the coronavirus pandemic. The plan includes cutting down import dependence, especially from China, by focussing aggressively on substitution while improving safety compliance and quality goods to gain global market share. The commerce and industry ministry is mulling setting up groups to draw up strategies for sectors where China has vacated space and countries are looking to diversify suppliers.

As per an analysis done by the commerce department, medical textiles, electronics, plastics and toys are some sectors whose exports can be promoted in the next three months or phase one while phase two exports include gems and jewellery, pharmaceuticals and steel, in the next six months.