New Delhi, March 3 (IANS). Amid rising tensions in West Asia and rapid changes in global geopolitical circumstances due to the ongoing war between America, Israel and Iran, the Central Government has started reviewing the possible impact on India’s exports and imports.
Giving information on social media platform X on Tuesday, Union Commerce and Industry Minister Piyush Goyal said that a high-level consultation meeting was held with all the concerned ministries, major logistics and trade facilitation partners.
The minister said that the emerging global situation and its possible impact on India’s trade was discussed in detail in the meeting. Also, the government’s preparedness to maintain smooth business operations was reiterated.
He said that procedural flexibility will be provided to export authorities, coordination with customs and port authorities will be enhanced so that there is no hindrance in clearance, and active dialogue will be maintained with financial and insurance institutions to protect the interests of exporters.
In this context, the government has also constituted ‘Inter-Ministerial Group (IMG) for Supply Chain Resilience’. This group will include representatives from the Department of Financial Services, Ministry of External Affairs, Ministry of Shipping, Ministry of Petroleum and Natural Gas and Central Board of Indirect Taxes and Customs (CBIC). This group will ensure effective coordination, monitoring and prompt action among various departments.
The minister further said that the central government under the leadership of Prime Minister Narendra Modi is committed to protecting the interests of traders and exporters. The Government aims to ensure a stable, responsive and responsive business environment so that India’s business can continue to operate smoothly despite international challenges.
The government has also issued a helpline to assist business people. For resolution of any problem an email can be emailed to ADG1-DGFT@gov.in. Apart from this, DGFT helpdesk numbers can be contacted on 1800-572-1550 and 1800-111-550.
–IANS
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