Question

Explain public sector undertaking of export promotions.

Answer 1

Export Promotion and Import Substitution: Public sector enterprises have been contributing a lot for the promotion of India's exports. ... Some public sector enterprises have shown creditable records in achieving import substitution and thereby saved precious foreign exchange of the country.

Answer 2

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The public sector enterprises are substantially contributing to the country's export earnings. ... Now public sector exports also include consumer goods and export of merchandise. They have also succeeded in their efforts in import substitution.

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