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Economy
Mahesh

24/06/22 06:43 AM IST

Vanijya Bhawan

In News 
  • Inaugurating the new premises of Ministry of Commerce and Industry - ‘Vanijya Bhawan’, Prime Minister Narendra Modi launched new portal NIRYAT (National Import-Export Record for Yearly Analysis of Trade) - a one-stop place for all info needed on India’s foreign trade.
About Portal 
  • This new Vanijya Bhawan and NIRYAT portal represent our aspirations of an 'Atmanirbhar Bharat'.
  • It will bring positive changes in the field of trade and commerce, especially for MSMEs.
  • New Vanijya Bhawan will significantly benefit people associated with trade, commerce and MSME sector.
  • Despite global disruptions last year, India exported a total of $670 billion- ₹50 lakh crores. Exports vital to a country's progress. Initiatives like 'Vocal for Local' have also accelerated country's exports.
  • The commercial building is also a symbol of our achievements in the field of commerce during this period.
  • India ranked 46th in the Global Innovation Index and are continuously improving.
  • The government's emphasis on local products through the Vocal for Local campaign, 'One district, one product' scheme, has also helped in increasing exports. 
Source- PIB 

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