Govt seeks greater industry role in boosting exports

Commerce and industry minister Piyush Goyal, who has already held scores of meetings with various state-run as well as industry bodies, has also proposed to reduce the compliance burden of India Inc, which will help boost exports as well.
The commerce ministry has asked state-backed export councils and key industry bodies to work more closely with various government departments and overseas missions and suggest, through research and studies, “relevant areas for intervention”, as part of its broader effort to realize the lofty $400-billion export target for FY22. Having successfully weathered the damage caused by two Covid waves, Indian exporters face fresh uncertainties now from the emergence of a new Covid variant in Africa that can further disrupt the already-burdened global supply chains.