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Indian minister of commerce and industry Piyush Goyal recently chaired a meeting on the revamping and fortification of the department of commerce to make it future ready. Revamping the department is expected to enable the creation of the ecosystem to achieve robust and sustained high export growth, and further build on its strategic direction and aspirations.
Goyal also holds the portfolios of consumer affairs, food and public distribution and textiles.
Goyal called for the consistent strengthening of the Directorate General of Foreign Trade (DGFT) and other organisations and bodies that promote investment and trade, according to an official release.
Indian minister of commerce and industry Piyush Goyal recently chaired a meeting on the revamping and fortification of the department of commerce to make it future ready. Revamping the department is expected to enable the creation of the ecosystem to achieve robust and sustained high export growth, and further build on its strategic direction and aspirations
There is also a need for scaling up and re-engineering the operation model with enhanced ‘new-age’ capabilities and to move from inherent traditional roles to new roles, he said.
A dedicated ‘Trade Promotion Body’ to drive overall promotion strategy, export targets and execution is proposed to be set up. A stronger active role for Indian missions abroad in trade promotion for market intelligence, leads generation and localised research has been envisaged.
Fibre2Fashion News Desk (DS)
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