India aims to achieve 2 trillion dollar exports by 2030 : Commerce Minister
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India aims to achieve 2 trillion dollar exports by 2030 : Commerce Minister

This will make India among the top nations in world trade

  • By ICN Bureau | August 24, 2022

India aspires to achieve 2 trillion dollars worth of exports by 2030, says Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles while releasing the ‘Department of Commerce Restructuring Dossier’ at Vanijya Bhawan, New Delhi.

This will make us among the top nations in world trade and change the way the world sees us, commented Goyal.

Goyal said, "Prime Minister Narendra Modi has led from the front and energised the entire export ecosystem. It is due to the constant guidance and mentoring by the Prime Minister that we not only met but also beat export targets."

The PM has urged all the missions across the world to focus on 3 Ts - Trade, Technology, and Tourism. These are now an integral part of the duties of all the Missions, added Goyal.

He noted some of the ideas that have emerged out of restructuring exercise include a dedicated 'Trade Promotion Body' to drive formulation & execution of promotion strategy, digitization of trade facilitation processes, rehauling of the data & analytics ecosystem, and capacity building of Indian Trade Service to drive specialization & institutional memory.

Releasing the report, Goyal said restructuring of the entire department of commerce aims at preparing India to become a key global player in world trade.

Goyal said, "The restructuring rests on five major pillars: Increasing India's share in global trade; assuming leadership role in multilateral organisations; democratisation of trade; creating 100 Indian brands as global champions; and setting up economic zones in India to strengthen the manufacturing base and attract greater investments to India."

The Minister mentioned that Prime Minister Narendra Modi had launched Mission Karmayogi with the objective of skill development and upgradation of employees in government departments and ministries.

He said, "Restructuring of departments of commerce has been undertaken to meet the needs of the future. This will enable us to adopt international best practices and prepare ourselves for greater multilateral and bilateral engagement with other countries."

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