Commerce Ministry Strategizing To Make Indian Exports More Competitive: Suresh Prabhu

 India’s exports rose by 9.8%, in financial year 2017-18, which is the highest rate of growth in six years. This positive growth in exports has taken place at a time when there is a lot of negative headwinds globally. This was stated by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, at the Export Summit 2018 organised by Confederation of Indian Industry in New Delhi today. The Minister further stated that Commerce Ministry is working on a strategy to revitalize India’s exports and is working with key exporting ministries to formulate sectoral, commodity and territory specific export strategy. Meetings with concerned ministries have already been held where differentministries and stakeholders have been consulted after which a matrix of specific action points have been prepared sector wise, commodity wise and territory wise.

 

Suresh Prabhu further stated that he is personally monitoring the progress and regular meetings are beingheld withsectoral ministries,export promotion councils and exporters.Certain issues which were affecting growth of exports have been specifically taken up with Department of Revenue and Ministry of Environment.

The Commerce Minister also said that the soon to be unveiled agri export policy will give a major boost to the agricultural sector and will pave the way for Indian farmer’s income to be doubled.India produces 600 MT of agricultural produce and has the capacity to export the excess productiontothe world.Directorate General of Foreign Trade (DGFT), AlokVardhanChaturvedi, spoke about the recent initiatives taken by the Commerce Ministry to smoothen procedures for exporters. Most procedures are now online and hard copy of documents are not required to be submitted. DGFT is also planning to have online export related courses to inform, train and facilitate first time exporters. The DGFT is also in the process of overhauling the IT network of the DGFTso thatthere is no wastage of time for online submission of documents.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Permit requirements waived for Transport Vehicles carrying Oxygen

In a crucial step forward, the  ministry of road transport and highways today issued order ...

Capping of Rs 2 Crore for MEIS will not affect 98% of the exporters: Shri Goyal

Union Minister of Commerce and Industry Shri Piyush Goyal today met the Office-bearers of various ...

First ever Virtual Buyer Seller Meet for loose diamonds commences

Shri Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry, Government of India inaugurated first ...

In the auto sector, we should move towards global dominance: Shri Piyush Goyal

Union Minister of Commerce & Industry and Railways Shri Piyush Goyal  has said that in the ...

The Fifteenth Finance Commission hold discussions with its Economic Advisory Council

The Fifteenth Finance Commission (XVFC) had an online meeting with its Advisory Council and other ...

Shri Piyush Goyal says that New-age entrepreneurs are going to change the fortune of India

Union Minister of Commerce and Industry & Railways Shri Piyush Goyal has said that New ...

Shri Dharmendra Pradhan addresses USISPF-3rd annual leadership summit; Invites US companies to partner in Aatmanirbhar Bharat campaign

Minister of Petroleum and Natural Gas and Steel, Shri Dharmendra Pradhan today participated in the ...

Government Blocks 118 Mobile Apps Which are Prejudicial to Sovereignty and Integrity of India, Defence of India, Security of State and Public Order

The Ministry of Electronics and Information Technology, Government of India invoking it’s power under section ...

Index of Eight Core Industries (BASE: 2011-12=100) for JULY, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing ...

India will play a leading role in the future global political framework in terms of economy and Disaster Risk Management:Nityanand Rai

  The Union Minister of State for Home Affairs, Shri Nityanand Rai has said that ...

WP2Social Auto Publish Powered By : XYZScripts.com