Commerce Minister Piyush Goyal chairs meeting focused on revamping, fortification of Department of Commerce

New Delhi, February 20

Commerce and Industry Minister Piyush Goyal chaired a meeting focused on the revamping and fortification of the Department of Commerce to make it future ready. The strengthening of the department is expected to facilitate the creation of the ecosystem necessary to achieve the target of two trillion dollar exports by 2027.

Speaking at the meeting, the Minister called for the consistent strengthening of the Directorate General of Foreign Trade and other organizations and bodies that promote investment and trade. He opined that constant monitoring of exports was crucial in ensuring the achievement of targets on time.

The revamping of the Commerce Department is aimed at further building on its strategic direction and aspirations for the next decade. There is also a need for scaling up and re-engineering the operation model with enhanced ‘new-age’ capabilities and to move from inherent traditional roles to new roles. The revamped Department will have a more coherent trade promotion strategy with clear targets and execution accountabilities. There will be a strengthened negotiation ecosystem with right expertise and robust end-to-end processes with clearly defined focus areas and institutions.