Government today launched a set of new initiatives to reduce transaction cost to boost exports. The implementation of these initiatives will cost 2100 crore rupees. These initiatives have been finalized by a task force set up by the Commerce Ministry. This set of initiatives was released by the Finance Minister Mr. Pranab Mukherjee in New Delhi today. According to a official press release the implementation will be initially carried in 23 areas including Agriculture, civil aviation, revenue, Financial Services and Commerce. It also includes round the clock customs clearance at eight ports in the country. Speaking on the occasion the Finance Minister said this step will help reduce the transaction cost of export items by around 10 percent. The Commerce Minister Mr. Anand Sharma said that India is continuously expanding its export basket and is identifying new markets. India has entered 39 new markets already to put the export sector on sound rails.