He said India is reaching different corners and new markets in the world.
“There was a time when India’s export figure was $100 billion, sometimes $150 billion, sometimes $200 billion. Now India has reached $400 billion,” did he declare.
He said the success of small entrepreneurs is a source of pride.
“Many fruits and vegetables like apricot from Ladakh, bananas from Tamil Nadu, millets from Himachal are coming into the world. The list of ‘Make in India’ products is as huge as our potential and the hard work of our farmers, manufacturers and industrialists,” the Prime Minister said. Minister.
The Prime Minister said it used to be thought that only big people could sell products to the government, but the GeM portal has changed that, exemplifying the spirit of a new India.
“From fruits and vegetables in Bijapur to black rice in Chandoli, we are seeing exponential exports. The best part is that our exports are supplied to new destinations like Denmark, South Korea, London, Kenya, among others,” he said.
“When every Indian speaks out for local, it doesn’t take long for local to become global. Let’s make local ‘global’ and further increase the prestige of our products,” he added.
Speaking further, the Prime Minister said, “Today, our small entrepreneurs are playing a major partnership role in public procurement through the Government Electronic Marketplace – GeM. A much more transparent system has been developed through technology.
India on March 23 made history by achieving its highest ever merchandise export target of $400 billion nine days ahead of schedule. On average, every hour, $46 million of goods are exported, $1 billion of goods are exported every day, and $33 billion every month.
Exports in fiscal year 2020-21 were $292 billion while exports in 2021-22 are $400 billion with an increase of 37%.