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Business
India's New Investment Promotion Panel Sets $72bn Export Goal in Inaugural Meet
✍️ The Hindu
🗓 15 Nov 2026, 02:25 PM
👁 10
The newly formed investment promotion panel convened its first meeting, outlining a target of $72 billion in exports.
The government‑appointed investment promotion panel met for the first time on Monday, bringing together senior officials from trade, industry and finance ministries. The inaugural session was chaired by the commerce minister, who emphasized the panel's role in streamlining foreign investment and boosting export competitiveness.
During the meeting, members set an ambitious collective export target of $72 billion over the next five years. The figure reflects the government's intent to double current export earnings and position India as a leading global supplier in sectors such as pharmaceuticals, engineering goods and information technology.
The panel outlined a roadmap that includes simplifying regulatory procedures, enhancing export incentives and creating sector‑specific task forces. Officials said progress will be reviewed quarterly, with the aim of translating the export goal into tangible trade deals and increased foreign direct investment.
Stakeholders from industry bodies were invited to provide feedback, signalling a collaborative approach. The panel's performance will be monitored by the cabinet, underscoring the high priority given to export growth in the national economic agenda.
During the meeting, members set an ambitious collective export target of $72 billion over the next five years. The figure reflects the government's intent to double current export earnings and position India as a leading global supplier in sectors such as pharmaceuticals, engineering goods and information technology.
The panel outlined a roadmap that includes simplifying regulatory procedures, enhancing export incentives and creating sector‑specific task forces. Officials said progress will be reviewed quarterly, with the aim of translating the export goal into tangible trade deals and increased foreign direct investment.
Stakeholders from industry bodies were invited to provide feedback, signalling a collaborative approach. The panel's performance will be monitored by the cabinet, underscoring the high priority given to export growth in the national economic agenda.