<div><br />''</div>''<div>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.&nbsp;</div>''<div><br />''</div>''<div>Service Sector contributes significantly to India's GDP, exports and job creation.&nbsp;</div>''<div><br />''</div>''<div>Increased productivity and competitiveness of the Champion Service Sectors will further boost exports of various services from India.&nbsp;</div>''<div><br />''</div>''<div>Embedded services are substantial part of Goods as well. Competitive service sector will add to the competitiveness of the manufacturing sector.&nbsp;</div>''<div><br />''</div>''<div>A dedicated fund of Rs. 5,000 crore has been set up to support initiatives for sectoral Action Plans of the Champion Sectors.</div>