Restructuring of Commerce Department

On 23rd August, 2022, the Government released the ‘Department of Commerce Restructuring Dossier’.

  • Aim: To prepare India to become a key global player in world trade.

5 Pillars

The restructuring rests on 5 major pillars -

  • Increasing India’s share in global trade
  • Assuming the leadership role in multilateral organizations
  • Democratization of trade
  • Creating 100 Indian Brands as Global Champions
  • Setting up Economic Zones in India to strengthen the manufacturing base and attract greater investments to India.

Major Restructuring

  • A dedicated Trade Promotion Body will be set up to drive the formulation & execution of the promotion strategy.
  • Digitization of trade facilitation processes.
  • A Trade ....
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