Ministry of Commerce & Industry to synergise export promotion and internal trade: Goyal

In a joint meeting with Board of Trade and Council of Trade Development & Promotion, Piyush Goyal, Union Minister of Commerce and Industry & Railways, said, “Ministries/departments can no longer work in isolation for effective outcome of government policy. Easier availability of credit at cheaper rates to exporters will be resolved expeditiously and customs clearances will be made quicker by installing X-ray scanners at all major ports. Robust mechanism for track & trace in the pharma sector will be implemented in three months, a new scheme to rebate state and central taxes and levies will be rolled out in three months and will be implemented in a phased manner for all sectors.”

Specific action points for the implementation of new Agricultural Export Policy, reducing logistics costs, improving ease of doing business in all states, increasing domestic manufacturing and reducing imports were identified. States were urged to finalise their export strategies at the earliest keeping in view their state specific requirements and advantages. Minister of Commerce and Industry exhorted the State Governments to adopt GeM, a one-stop online procurement portal for better transparency and efficiency. State governments agreed to take steps in strengthening the entrepreneurship and start-up ecosystem.