Ahead of the Budget, Finance Minister Pranab Mukherjee today said exporters will have to “fight” their own battle and stop expecting fiscal incentives from the government.
“Government only can play its part. Ultimately, exporters will have to compete and fight their own battle in the overseas markets,” Mukherjee said here adding “they have to stop looking towards the government for sops”.
Unveiling a report that listed measures for cutting export transaction costs, the Finance Minister said the country’s exporters must innovate and become more productive.
The Government will present the Union Budget on February 28.
However, the Finance Minister expressed optimism that India would be able to achieve the USD 200 billion export target this fiscal.
Overseas shipments have already reached USD 164.7 billion during April-December 2010-11 and according to Commerce Ministry’s assessment they may well touch USD 215-220 billion.