'SMEs must have the killer instinct' to help achieve 1% share of global trade


Speaking at a workshop on 'New Export-Import Policy', the director-general of Foreign Trade, Mr Labanyendu Mansingh, said the list of 10 industrial clusters identified for development, as promised in the new Exim Policy for 2002-07, would be ready in two to three months.

Highlighting the potential of export clusters in increasing the overall competitiveness of selected industrial locations, he said the 10 clusters with a very high growth potential would be supported to address the technology and productivity inadequacies by effecting a convergence of various funds.

Asking the small- and medium-size enterprises (SMEs) to have a "killer instinct", he said they would play a vital role in achieving the target of 1% share in the global trade. "Like in cricket, we can summon that killer instinct in each segment," he said.

He said that the country needed to maintain high growth rates to reach the 1% target.



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