DGFT chief transferred to Interstate Council
The Dollar Business Bureau In a major bureaucratic reshuffle carried out by the Central Government on Friday, the Director General of Foreign Trade Pravir Kumar has been appointed as Secretary of Interstate Council Secretariat. Centre has issued transfer order for sixteen IAS officers posted in various departments. A 1982 batch IAS officer of Uttar Pradesh cadre, Kumar served various departments in the Central and State Governments, which include UP Agro Industries Corporation, Ministry of Micro, Small and Medium Enterprises and Development Commissioner of Kandla and Dahej SEZs (2010-12) in Gujarat, under Ministry of Commerce and Industry. As DGFT chief, alongside highlighting government's commitment on ensuring ease of doing business, Pravir Kumar said in many cases that ‘India is passing through a challenging ...
Indian exports passing through challenging phase: DGFT
Source: PTI Director General of Foreign Trade (DGFT) Pravir Kumar on Friday said that India is passing through a "challenging phase", particularly in exports, but underscored government's commitment on ensuring 'Ease of doing business'. "Right now, we are passing through a challenging phase, particularly in exports. In the past six months, there have been global issues, global turmoil also... so the exports are not doing as well as we would like to," he said. Addressing an Open House organised by Federation of Indian Export Organisations (FIEO) here, Kumar said even "winning sectors" have been facing problems in the past few months. However, the government is prepared to face the situation as "we have the inner strength and depth to absorb," any ...
DGFT asks exporters to diversify into other markets
The Dollar Business Bureau The Directorate General of Foreign Trade (DGFT), which is under the Ministry of Commerce, urged exporters today to diversify into other markets to minimise risks. "We are urging exporters to look at other markets as over-dependence on few markets like the EU was becoming risky", Director General of Foreign Trade, Pravir Kumar, said at an interaction organised by CII and FIEO here. He said currency fluctuations, particularly in the Eurozone, were badly hitting exports, and new markets of Latin America, Africa and CIS countries should be explored. "This is the focus of the new foreign trade policy," he said. Kumar said that the crisis in Greece could have an impact on Indian exports to that country. "Nearly 18% to 19% ...
Top bureaucrats bat for the new Foreign Trade Policy
Neha Dewan | The Dollar Business A day after the Foreign Trade Policy (FTP) was unveiled, Commerce Secretary Rajeev Kher and Director General of Foreign Trade (DGFT) Pravir Kumar addressed the industry and media at the National Seminar on Foreign Trade Policy organised by FICCI in the capital. Kher said the policy statement has laid down a framework to increase exports of goods and services and would help in boosting employment, as well as increasing value addition in the export basket. “The FTP statement for 2015-20 basically rests on five major planks. These include dovetailing trade policy with domestic policy; aligning it with the thrust on manufacturing and services; synchronising it with the ecosystems that are sought to ...