Export of these items, including engineering goods, electrical goods, electronic items, instruments, watches, footwear, marine and poultry items, textiles, chemicals, jewellery, and items for repairs would, be encouraged through various schemes and their progress would be monitored.
The items identified include a list of 47 potential items in the top imports of major markets. A 5 per cent share for these items in the major markets would increase India's exports by more than $18 billion, Maran said.
In addition, there are 59 items figuring in the top imports of major markets and India's exports. A 5 per cent share in these items in major markets would add $36 billion to our exports.
The medium-term export strategy aimed to capture 1 per cent of global trade by 2007, up from the present 0.67 per cent.
The projected growth would require increasing exports from $46 billion to over $80 billion over the Tenth Five-Year Plan (2002-07).