Page 7 - Dgft
ComMin studying report on revamp of DGFT
Global consulting firm Frost & Sullivan has carried out a study to revamp the Directorate General of Foreign Trade (DGFT) with a view to making it a vibrant body for promoting trade. DGFT under the Commerce Ministry deals with matters related to exports and imports. "The agency has submitted its report and we are looking at that. The revamping is important against the backdrop of changing global trade scenario and implementation of the Goods and Services Tax (GST)," an official said. The move assumes significance as India is aiming to increase its share in the global trade to 3.5 per cent from the current 2 per cent by 2020. According to experts, the country needs a vibrant organisation to promote its trade interests. "We need a vibrant and independent export promotion organisation whose job is to do hand-holding to traders particularly in the small and medium sector," said Biswajit Dhar, professor at the Jawaharlal Nehru University. He cited examples of some South East ...
 "ComMin studying report on revamp of DGFT")
Ajay Kumar Bhalla appointed new DGFT
Bhalla, a 1984 batch IAS officer of Assam-Meghalaya cadre, is presently additional secretary in the commerce ministry