Early this week, the Minister of Commerce and Industry Suresh Prabhu released the much awaited Mid-term Review of the Foreign Trade Policy (FTP) 2015-20 in New Delhi. Among other things, the review paper has also mentioned the creation of a new logistics division within the commerce ministry which is slated to give a boost to India’s foreign trade. “ A new Logistics Division has been created in the Department of Commerce to develop and co-ordinate integrated development of the logistics sector, by way of policy changes, improvement in existing procedures, identification of bottlenecks and gaps, and introduction of technology based interventions in this sector. These steps would improve India’s ranking in the Logistics Performance Index (LPI) and promote exports and enhanced growth.”
The report also highlights that Contact@DGFT service has been launched on the DGFT website (www.dgft.gov.in) as a single window contact point for exporters and importers for resolving all foreign trade related issues and also to give suggestions.