The government is working to promote ease of doing business and boost exports, Prime Minister Narendra Modi said adding new domestic products like handlooms are reaching new markets.
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Inaugurating the new Vanijya Bhawan in New Delhi, Prime Minister Narendra Modi said the government has removed over 32,000 unnecessary compliances. He said that the new Bhawan will significantly benefit people associated with trade, commerce and the Micro, Small and Medium Enterprises (MSME) sector.
Prime Minister Narendra Modi on Thursday appealed to exporters and the industry to fix long-term export targets for themselves and suggest ways to the government to achieve those figures.
The Prime Minister also launched the NIRYAT (National Import-Export Record for Yearly Analysis of Trade) portal – which is developed as a one-stop platform for stakeholders to get all necessary information related to India’s foreign trade.
He added that exports play a critical role in transforming a developing country into a developed nation, besides creating job opportunities.
“Last year, despite global disruptions, India’s exports touched $670 billion… To achieve new targets, collective effort is necessary. Industry, exporters and export promotion councils are here. I will urge them to fix not only short-term but also long-term export targets for themselves,” he said.