The government will soon finalise structure of a single trade body to promote India's exports, with focus on specific products and markets in order to achieve exports of $2 trillion by 2030.
The body, likely to be called Trade India, could be set up on the lines of Japan External Trade Organisation (JETRO) and Korea Trade-Investment Promotion Agency of South Korea (KOTRA), and will replace the multiple export promotion councils, which would henceforth function under the trade body, a senior government official told ET.
Deliberations have started on the broad contours of the trade body, including its structure and function, and a formal proposal could be made soon.
The need for a centralised body has been felt to help the government identify key products and markets that should be tapped to improve exports, enhance efficiency and take accountability of any slackness in exports going forward.
Read more at: https://economictimes.indiatimes.com/news/economy/foreign-trade/centralised-trade-body-to-sharpen-export-focus/articleshow/99366435.cms
Comments