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Mahesh

25/08/22 10:30 AM IST

Restructuring of Department of Commerce

In News 
  • Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal today released the ‘Department of Commerce Restructuring Dossier’ at Vanijya Bhawan, New Delhi.
Aim of Restructuring 
  • Increasing India’s share in global trade (achieve the US $2 trillion worth of exports by 2030)
  • Assume leadership role in multilateral organisations
  • Democratization of trade
  • Creating 100 Indian Brands as Global Champions
  • Setting up Economic Zones in India to strengthen the manufacturing base and attract investments
Programmes by the government
  • Focus on 3 Ts- Trade, Technology and Tourism.
  • Dedicated ‘Trade Promotion Body’ to drive formulation & execution of promotion strategy
  • Digitization of trade facilitation processes
  • Rehauling of the data & analytics ecosystem and capacity building of Indian Trade Service to drive specialization & institutional memory.
  • The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the Department for Promotion of Industry & Internal Trade.
Source- PIB 

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