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Centre and state govt should collaborate to promote trade: Prabhu

New Delhi: Union Minister Suresh Prabhu, chaired the 4th meeting of the Council for Trade Development and Promotion (CTDP) in New Delhi on Thursday. While speaking to media, he suggested that organizations like ASSOCHAM, FICCI, CII should work in collaboration with centre and state governments to promote trade and commerce within the country and outside.

File Photo

He also said that on January 8, a meeting between central and state governments took place in which appointment of nodal agencies for agriculture export was suggested.

He called upon States and UTs to explore possiblities of tapping global value and supply chain by promoting export of services, organic farming, incorporate value addition to agricultural products and fully utilize the schemes and programmes of government of India. Prabhu said that this will not only add to the GDP of the country but also create greater employment.

Minister further said "We asked all States and UTs must formulate a state specific and product specific export strategy to improve logistics and infrastructure in their region."

Prabhu said that the government of India has formulated an Agricultural Export Policy for the first time with a focused plan to boost India’s agricultural exports to $ 60 billion by 2022. This will integrate Indian farmers and their quality agricultural products with global value chains and leading to doubling of India’s share in agriculture exports.

The Commerce Minister said that every State and UTs of India has the potential for getting geographical indication tag for many local products and they must utilise the center's benefits for specific sectors like leather where Rs 2600 crore was sanctioned for leather and footwear industry.

Also Read: GST Council gave big relief to small business

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