New Delhi, Apr 18 (BNP): The Government of India has taken a series of targeted reforms to improve trade facilitation and strengthen the functioning of Norms Committees under the Directorate General of Foreign Trade (DGFT), in line with its broader commitment to Ease of Doing Business for exporters.
Pic Credit: Pexel
The reforms aim to make decision-making faster, more transparent, and more efficient for export-related processes. By improving the functioning of Norms Committees, the government seeks to reduce delays in approvals and simplify procedural requirements faced by exporters.
These committees play a key role in setting and reviewing input-output norms, which determine the quantity of raw materials required for producing export goods. Streamlining their functioning is expected to help exporters receive quicker clarifications and approvals, thereby improving operational efficiency.
The initiative is also intended to strengthen India’s export ecosystem by reducing compliance burden and improving predictability in trade procedures. This is expected to benefit businesses, especially small and medium exporters, by making processes more responsive and business-friendly.
Overall, the reforms reflect the government’s continued focus on improving trade facilitation, enhancing administrative efficiency, and supporting exporters in accessing global markets more effectively.
