After Make in India

After Make in India; Government plans 'Work for the World'

After lending a push to manufacturing sector with 'Make In India', Indian Government has shifted its focus to Service Sector.

There will be a 'Global Exhibition on Services' in Pragati Maidan from April 23-25 which will seek to market our services to the global consumers.

Over 40 countries are expected to participate in the fair which would be first of its kind integrated exhibition in the country showcasing our strength in the Services sector.

Global Exhibition on Services (GES) objectives:

• to tap the potential for services' exports and to increase FDI flow in the services sector.
• to generate more wealth and employment by making the Sector more competitive.
• to create a global platform for increased trade in services.
• 57% of our GDP is contributed by the Services sector and GES will provide further thrust to it.

The GES is being organized by Ministry of Commerce and Industry from April 23-25 at Pragati Maidan (New Delhi) in association with Services Export Promotion Council (SEPC) and Confederation of Indian Industry(CII).

Points to Ponder

• Services is one of the rare few sector in the country where our exports outdo our imports; and with a slight change in policy we can exponentially increase our revenue.
• Unlike manufacturing sector, we already have impressive pool of skilled manpower to take this figure way too higher.
• India ranks 6th in the global Service trade with 3 per cent share as against 4.6 per cent of China.