The Commerce Department aims to achieve an export target of $ 2,000 billion by 2030
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Union Minister Piyush Goyal said on Tuesday that the government plans to restructure the Commerce Ministry to prepare it for the future and meet an export target of $2 billion by 2030.
“As part of the restructuring exercise, a dedicated trade promotion body would be set up to design a comprehensive strategy to achieve the goals and prepare for the future. The restructuring will also focus on strengthening negotiating capacity at the World Trade Organization (WTO) and for bilateral free trade agreements, centralizing and digitizing trade facilitation processes and revamping the ecosystem for analyzing trade data,” Goyal said in a statement.
The Minister means that the objective is to increase the share of India in global exports and also to create jobs. He also stressed that there will be no reduction in the workforce in the Ministry of Commerce due to the restructuring and guarantees that the number of staff will increase.
“Indian trade and commerce will not only be a strong part of India’s march to prosperity, to become a developed nation in the Amrit Kaal, but also play an extremely important role in serving the needs of the whole world “said the Minister.
When releasing the “Commerce Department Restructuring Brief,” Goyal said, “The Department is preparing for greater multilateral and bilateral engagement with other countries. restructuring exercise and the ministry will introduce experts from the private sector as well as with a view to improving India’s bargaining power in global forums and bilateral trade agreements.”
According to Goyal’s statement, “The restructuring exercise is a mammoth undertaking focusing on ‘Aatmanirbhar Bharat’ and a trade department of Aatmanirbhar. The 14 volumes of the report define the role of each section with the department and establish expected outcomes and key performance indicators. These manuals would enable all relevant stakeholders to understand their role in the revamped department and help the organization perform effectively.”