Union Minister of Commerce and Industry, Piyush Goyal, chaired the third meeting of the reconstituted Board of Trade at Mumbai. Piyush Goyal reaffirmed the government’s commitment to drive economic growth through robust partnerships with state governments.
The Minister emphasized that initiatives of the government are instrumental in guiding India towards a more transparent, efficient, and sustainable trade environment, benefiting the country’s broader economic landscape.
Goyal launched the Department of Commerce’s Jan Sunwai Portal, designed to streamline communication between stakeholders and authorities, providing a direct and transparent channel for addressing trade and industry-related issues.
This portal offers on-demand video conferencing services, in addition to fixed video conference links for regular, scheduled interactions. The portal’s accessibility extends across various offices and autonomous bodies under the Department of Commerce, such as the DGFT, Coffee Board, Tea Board, Spices Board, Rubber Board, APEDA, MPEDA, ITPO, and EIC.
Piyush Goyal also inaugurated ECGC’s new online service portal, alongside a revamped in-house SMILE-ERP system. These innovations mark a significant leap towards paperless processing and faceless service delivery, benefiting both exporters and banks.
This transformation will not only streamline customer services but also enhance ECGC’s core operational efficiency. Key outcomes include full automation of processes, business process integration, quicker claim disposals, enhanced operational control, and a meaningful reduction in the carbon footprint to support sustainability goals.
ECGC’s embrace of digital solutions underscores its unwavering commitment to innovation, operational excellence, and customer satisfaction, ensuring world-class services for Indian exporters. Discussions in the meeting centred on critical initiatives aimed at fostering employment across states and enhancing the role of the Department of Commerce in promoting state-level economic growth.
The session also featured interactive presentations from the State Governments of Uttar Pradesh, Karnataka, Tamil Nadu, Telangana and Madhya Pradesh, showcasing their achievements in export promotion and ease of doing business (EODB), interventions, and ongoing state-level initiatives. Best practices for export promotion were shared across the board, providing valuable insights for peer states. The participation and suggestions from the states of Assam, Tripura, and Sikkim are expected to lead to higher export potential from the North East region.
In the realm of E-Commerce exports, the Board of Trade was informed by officials from the Central Board of Indirect Taxes & Customs (CBIC) that effective immediately, RoDTEP, RoSCTL, and Drawback benefits will be extended to all exports made via Courier. Plans to extend these benefits to postal route exports are also in the pipeline, creating a more equitable environment for E-Commerce exporters utilizing the courier and postal mode.
The Board of Trade functions as a key platform for collaboration, discussion, and policy recommendations to bolster the growth of India’s international trade. Bringing together representatives from the Industry Ministry, State Governments, industry stakeholders, and trade organizations, this advisory body seeks to shape a thriving trade ecosystem.
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At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
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