The DGFT (Director General of Foreign Trade), Ministry of Commerce, office is planning to have online export related courses to inform, train and facilitate first time exporters. The DGFT is also in the process of overhauling the IT network of the DGFT so that there is no wastage of time for online submission of documents. Elaborating further on the current & future export scenario, and mechanism adopted by the government for smooth export transactions Mr Suresh Prabhu, Commerce & Industry Minister, said that India’s exports rose by 9.8%, in financial year 2017-18, which is the highest rate of growth in six years. This positive growth in exports has taken place at a time when there is a lot of negative headwinds globally. He was speaking at the Export Summit 2018 organised by Confederation of Indian Industry in New Delhi on October 26. The Minister further stated that Commerce Ministry is working on a strategy to revitalize India’s exports and is working with key exporting ministries to formulate sectoral, commodity and territory specific export strategy. Meetings with concerned ministries have already been held where different ministries and stakeholders have been consulted after which a matrix of specific action points have been prepared sector wise, commodity wise and territory wise.
The Commerce Minister also informed that the soon to be unveiled agri export policy will give a major boost to the agricultural sector and will pave the way for Indian farmer’s income to be doubled. India produces 600 MT of agricultural produce and has the capacity to export the excess production to the world.