“With the right policies, coupled with fearless and proactive approach and implementation, India can stay on positive growth trajectory to achieve the ambitious export target of USD 2 trillion by 2030,” he said at a workshop on export control on dual-use items.
He added that despite a turbulent global economy and headwinds, several path-breaking policy initiatives were implemented and put in action by the government and the country.
Budhia, the Managing Director of Patton Group, said the new Foreign Trade Policy 2023 could be a game changer to put India at a leadership position on the global exports map.
“The policy has focused on re-engineering and automation with more focus on usage of high end technology, facilitating e-commerce export and effective collaboration with states and districts for export growth,” he said.
Export of dual-use commodities, software, and technology contributes significantly to India’s growth and development, Budhia added.