New Delhi, Feb 20 (FN Agency) Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Piyush Goyal on Sunday called for the consistent strengthening of the Directorate General of Foreign Trade (DGFT) and other organisations and bodies that promote investment and trade, an official statement said Goyal, who chaired a meeting focused on the revamping and fortification of the Department of Commerce to make it future ready, said the strengthening of the department is expected to facilitate the creation of the ecosystem necessary to achieve the target of USD two Trillion exports by 2027.
Constant monitoring of exports was crucial in ensuring the achievement of targets on time, he said. 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 statement further said. 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, it added.