The idea will be to monitor the process of the district-wise export plan across all 750 districts across the country, and enable the states and DGFT regional authorities to upload all information
In case there is a change in the policy, the transition time in that case will help the exporter execute the contract, giving some certainty for the exporter
'There are other sectors, such as engineering goods, agriculture, food processing, where the potential is very high'
Targets $2 trillion in goods and services exports by 2030
Apart from that, under the policy, e-commerce as export hubs (ECEH) will be set up through private initiative or in public-private partnership (PPP) mode, in partnership with the states or the Centre
The achievement will be commendable, given that exports of several high-value items, such as wheat and rice, have been banned during the financial year to control inflation
"We aim to use technology in every sphere to serve the people of India in a big way. Today, we are showcasing our developmental model to the rest of the world," Goyal said
Minister of State for Finance Bhagwat Karad, who addressed the inception meeting of the TIWG in Mumbai spoke about the widening gap between developing and developed countries
Set to be unveiled on Friday, it is likely to focus on export hubs, e-com
An official statement said digitalisation of international trade could be an effective solution towards achieving cost reduction in trade and trade finance
Asserts that India's self reliance drive isn't about closing doors but opening them wider, with the aim of letting competitive and comparative advantages determine international trade
Services exports, however, grew over 36 per cent in February at $29.15 billion, according to the Department of Commerce's estimates
The meeting will focus on all the areas barring WTO-related matters that will be taken up at a later stage
"Such trade facilitation can also help in enhancing our exports; logistics cost will also come down," the official said
Currently, India has an 'observer' status as far as the trade pillar is concerned
During negotiations issues related to trade, supply chain, clean economy, fair economy, and supply chains were taken up
Last year, the Centre had asked states to onboard a large number of products from various emporiums and artisans on the government's public procurement portal Government e-Marketplace
Domestic manufacturing from month-end under PLI scheme to lower dependence from 85%
India, Australia to increase cooperation in critical minerals sector
Ministries of both sides to be part of sub-committee, which will meet this year