The Cabinet on Wednesday approved the proposal to give focused attention to 12 identified Champion Services Sectors for promoting their development and realizing their potential.
Service Sector contributes significantly to India’s GDP, exports and job creation.
Increased productivity and competitiveness of the Champion Service Sectors will further boost exports of various services from India.
Embedded services are substantial part of Goods as well. Competitive service sector will add to the competitiveness of the manufacturing sector.
A dedicated fund of Rs. 5,000 crore has been set up to support initiatives for sectoral Action Plans of the Champion Sectors.