The DGFT is all set to go digital after the announcement by the Commerce Secretary. A phased roll-out of the new IT System will be conducted. Virtual offices to be created that are faceless, contactless, and paperless, Commerce Secretary Anup Wadhawan has said. With this development, the department plans to help the states prepare annual export ranking for districts.
Export Ranking Index
It is reported that the ‘Export Ranking Index’ of different districts is monitored by the Ministry to rank its export competitiveness. This plan is expected to boost shipments under DGFTs assistance. This would provide for agile trade policy formulations that are more responsive to changing scenarios of international trade, a paper on electronic governance and trade facilitation reforms put together by the Commerce Department pointed out.
Friendly and Flexible Shift
This paradigm shift of DGFT would ascend the business and eradicate confirmation delays. It would terminate the queues for approvals and crunch the waiting period for business approvals. A post-issuance audit system will be implemented to manage business risks. District trade will be at the forefront, in a phased manner. Export potential in each district have been identified and institutional mechanism in the form of State Export Promotion Committees at the state level and District Export Promotion Committees (DEPCs) at the district level are being created to provide support for export promotion and to address the bottlenecks for export growth. To name a few agriculture clusters, GI cluster, toy cluster would be addressed in the initial phase according to an internal paper on ‘districts as export hub’.
TPT Policy Advocacy & Recommendations
- For India to achieve its policy objectives, it should prepare for engagement in a multilateral view. The government lacks an understanding benefits of trade liberalizations, policy paralysis, and consequently the lack of political will. Before formulating any policy in a backwardly driven nation, it should have possessed full-fledged knowledge of geospatial and global trends.
- Though under development, the nation lacks the quality and quantity of economic and technological reforms to yield success in Make in India. It should actively participate in the Regional Comprehensive Economic partnership to alleviate its tech support and aggregate the growth. The government should have put forth concrete proposals to kickstart negotiations and revive the waning multilateral trade.