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Piyush Goyal releases report on restructuring of Dept of Commerce

Goyal said the restructuring exercise is a mammoth endeavor focused on ‘Aatmanirbhar Bharat’ and an Aatmanirbhar Commerce Department.

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New Delhi: Union Minister of Commerce and Industry Piyush Goyal released the ‘Department of Commerce Restructuring Dossier’ at Vanijya Bhawan here on Tuesday.

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

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He said the restructuring rests on 5 major pillars – Increasing India’s share in global trade, assuming a leadership role in multilateral organizations, the democratization 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 14 volumes of the report define the role of each section within the department and lay down the expected outcomes and key performance indicators, he said.

These manuals would enable all the relevant stakeholders to understand their role in the revamped department and help the organization perform effectively, he added.

The minister said the focus on exports has been one of the most defining features of the government’s efforts to make India a developed country by 2047, a vision articulated by Prime Minister Narendra Modi, in his Independence Day address to the nation this year.

He emphasized that Indian trade and commerce will not only be a strong element in India’s march to prosperity, towards becoming a developed nation when the country turns 100 in 2047 but also play an extremely important role in serving the needs of the whole world.

“We aspire to achieve 2 trillion dollars worth of exports by 2030. This will make us among the top nations in world trade and change the way the world sees us,” he said.

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