The Services Export Promotion Council (SEPC) is preparing a roadmap to achieve doubling of services exports in the next five years, said Chairman Maneck E. Davar.
Separately, the SEPC has urged the government to ensure that the new foreign trade policy, being formulated, also includes incentives for services exports by according parity to the sector with merchandise exports, he said. The current trade policy, whose validity was to have ended in March 2020, has been extended till September this year.
The SEPC was established by the Ministry of Commerce and Industry in 2006 to cater to the interests of the services sector beyond IT/ITES which was mainly represented by Nasscom.
The council has tagged areas such as tourism and hospitality, logistics and medical value travel as ‘champion’ sectors meriting additional focus.
“Take the example of Netflix, which recently announced plans for a studio with post-production facilities in India; if we wish to attract other companies to set up…
