SEPC session on Services Sector Exports Strategy for India@2047 held in New Delhi

Tags: Economy/Finance National News

Services Export Promotion Council (SEPC), an apex trade body set by the Ministry of Commerce & Industry on  29 September 2022 held its 12th Annual General Meeting(AGM) at New Delhi on 29 September 2022.

As part of its AGM,the SPEC also organised an interactive session titled  “Services Export Promotion Councils’s (SEPC) India@2047: Services Sector Exports Strategy ‘Skilling And Internationalization Of Higher Education’. 

Addressing the interactive session  the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal  said that the service sector export target for the 2022-23 has been set at $350 billion dollars .

 In 2021-22 the service sector export was $254 billion .

Speaking on the occasion ,the SEPC  Chairman,Sunil H Talati, said “the services sector currently contributes 55% of the total exports. By 2023 we aim to reach 75% and internalization of education and skill development is key to witnessing such unprecedented growth.

Services Export Promotion Council, was set up in 2006  by the Union  Ministry of Commerce and Industry. It has been mandated to facilitate global business opportunities for India’s services sector.