Latest News | Comm Min Addressing Issues of Exports Through Ecommerce
Get latest articles and stories on Latest News at LatestLY. The commerce ministry is trying to address issues pertaining to the promotion of exports through ecommerce medium, a senior government official has said.
New Delhi, May 24 (PTI) The commerce ministry is trying to address issues pertaining to the promotion of exports through ecommerce medium, a senior government official has said.
Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi also said that while the USD 2 trillion export target by 2030 is ambitious as it entails an annual growth of 14.5 per cent (CAGR), it is not impossible.
"We trying to address issues on seamless e-commerce for export promotion. We are in touch of the Department of Revenue, RBI, Icegate, and the Department of Post on the issues which entails remission of duties and incentives, ensuring postal bills flows into Icegate, building a regulatory system which addresses return back, etc, he was quoted by TPCI in a release.
The DGFT was addressing the TPCI's inaugural edition of India Business and Trade Annual Conclave 2023 here on May 23.
The Trade Promotion Council of India (TPCI), government, industry and academic deep dive to explore ways to reach USD 2 trillion in exports.
“Research reveals a positive correlation between higher exports and higher per capita income. For achieving the $2 trillion target, India is focusing on both demand and supply side aspects with respective policies," he added.
Sanjeet Singh, Senior Adviser, NITI Aayog, and Joint Secretary in the External Affairs ministry Noor Rahman Sheikh also participated.
During his address, Mohit Singla, Chairman, Trade Promotion Council of India, said that India Business and Trade Conclave in the years to come will be at the forefront to discuss all aspects of India's foreign trade.
The conclave will also emphasise on how the industry will benefit from the initiatives taken by the government, focussing on emerging areas of growth and potential, Singla said.
TPCI is an apex trade and investment promotion organization.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)