Nov 9: Services Export Promotion Council (SEPC), A setup under Ministry of Commerce and Industry, Government of India held an one day Global Services Conclave 2021 with the theme as India Serves: Exploring Potential Growth Sectors Beyond IT/ITES
The event was inaugurated by Honourable Commerce and Industry Minister Shri Piyush Goyal who said that India is poised to achieve services export target of $1 trn by 2030.
He added that services sector provides employment to nearly 2.6 crore people and contributes approximately 40% to India’s total global exports and also that Services trade surplus was $89 bn in FY 2020-21 and it has been the largest FDI recipient (53% of FDI inflows 2000-2021)
The Minister also highlighted the need for assisting States in formulating a comprehensive export strategy with districts as Export Hubs and said that the Government as a facilitator and enabler, helps Indian Services to grow & touch lives across the globe. He emphasized that Zero Government interference has enabled IT sector to excel. He appreciated the sector for not pursuing incentives but standing on its competitive strength.
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