: India needs sector and market specific strategies to expand Intl. trade: DGFT #finance #StockMarketNEWS Kevadia, Nov 9 (KNN) The Director General of Foreign Trade (DGFT), Santosh Kumar Sarangi on Tuesday

India needs sector and market specific strategies to expand Intl. trade: DGFT #finance #StockMarketNEWS
Kevadia, Nov 9 (KNN) The Director General of Foreign Trade (DGFT), Santosh Kumar Sarangi on Tuesday deliberated on the importance of formulating sector wise strategies aimed at specific markets.

He was speaking at the first ever conference of Indian Trade Service Officers “Manthan 1.0” held in Kevadia, Gujarat.

Addressing the officers he stressed upon the importance of continuous learning and application on development of an officer.

He highlighted the importance of using latest trade analytics tools to understand the emerging international trade scenario.

The conference was conducted for brainstorming on future Foreign Trade Policy (FTP), and to formulate sector wise and state wise export strategy to boost exports from India.

The officers also discussed ways to revamp the FTP Schemes to make it more efficient and address any implementation issues. Over 75 officers of the Indian Trade Service attended the conference.

Commerce Secretary, Sunil Barthwal, while addressing the delegates, appreciated the initiative and expressed that such brainstorming sessions should be held regularly.

He emphasised upon the importance of specializing in the specific area of international trade.

Barthwal underlined the importance of institutional memory for any department and urged the trade service officers to specialise, and become more effective resource for the Department of Commerce.

He also laid out the plans for deeper engagement of the cadre into FTA negotiations, industry deliberations and policy making.

A sector wise export presentation on Pharma and Chemicals sectors was made by one such team in the conference.

ITS officers deliberated on the GTPO proposal and came up with ideas to further improve the recommendation. GTPO is expected to play a key role in future export promotion initiatives in the country. The proposed body would be manned by ITS officers at key positions. (KNN Bureau)