Govt sets up council for trade promotion in the wake of falling exports
Updated: Jul 20, 2015 01:05:25pm
New Delhi, July 20 (KNN) Concerned over the continuous decline in exports in the last seven months, the Indian government has set up a promotion council to be chaired by the union commerce minister and comprising state trade and commerce ministers and other official as members.
The Council for Trade Development and Promotion was notified by the ministry earlier this month.
"It has been decided to constitute the Council for Trade Development and Promotion in order to ensure a continuous dialogue with state governments and UTs on measures for providing an international trade enabling environment in the states and to create a framework for making the states active partners in boosting India's exports," the notification said, according to a media report.
Besides, 14 union secretaries including those of commerce, revenue, shipping, civil aviation, agriculture, food processing and economic affairs will also be members of the council that also aim at achieving the USD 900 billion exports target by 2019-20.
The main aim of the council is to provide states a platform to express their perspective on trade policy to help them develop and pursue export strategies in line with the national policy.
The council will also inform the states about international developments affecting India's trade potential and opportunities and prepare them to deal with the situation.
The central and state governments would also deliberate in the council on the relevant infrastructure to promote trade and identify impediments and infrastructure gaps adversely affecting exports.
The chairman of the Railway Board, Niti Aayog secretary and CEO, the director generals of Foreign Trade and the Federation of Indian Export Organisations, representatives of industry chambers CII and FICCI and the joint secretary, commerce will also be members. (KNN Bureau)
The Council for Trade Development and Promotion was notified by the ministry earlier this month.
"It has been decided to constitute the Council for Trade Development and Promotion in order to ensure a continuous dialogue with state governments and UTs on measures for providing an international trade enabling environment in the states and to create a framework for making the states active partners in boosting India's exports," the notification said, according to a media report.
Besides, 14 union secretaries including those of commerce, revenue, shipping, civil aviation, agriculture, food processing and economic affairs will also be members of the council that also aim at achieving the USD 900 billion exports target by 2019-20.
The main aim of the council is to provide states a platform to express their perspective on trade policy to help them develop and pursue export strategies in line with the national policy.
The council will also inform the states about international developments affecting India's trade potential and opportunities and prepare them to deal with the situation.
The central and state governments would also deliberate in the council on the relevant infrastructure to promote trade and identify impediments and infrastructure gaps adversely affecting exports.
The chairman of the Railway Board, Niti Aayog secretary and CEO, the director generals of Foreign Trade and the Federation of Indian Export Organisations, representatives of industry chambers CII and FICCI and the joint secretary, commerce will also be members. (KNN Bureau)
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