Our Bureau

New Delhi, March 27 The Government is projecting a 30 per cent growth in exports in dollar terms in the next fiscal, on top of the likely export receipt of $155 billion in the current fiscal.

The target of $160 billion set for the current fiscal would face a shortfall in the wake of persistent rise in the rupee value vis-À-vis the dollar, against which most of the country’s export receipts are denominated.

Talking to prespersons here on the sidelines of the UN report launch function here, the Commerce Secretary, Mr Gopal K. Pillai, said the government will likely achieve the export target of $200 billion if the rupee stays at the current level vis-a-vis the dollar.

With barely a couple of days left for the unveiling of the annual supplement to the Foreign Trade Policy, slated for April 7, the government is also proposing to come out with sector-specific sops to rupee-hit segments like textiles, handicrafts, handlooms, marine products and leather.

Two other issues that engage the attention of the authorities in the run-up to the policy is securing extension of Duty Entitlement Pass Book scheme and interest subvention to specified sectors, both of which would be over by March 31, 2008.

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