YEARS
Vol. LX No. 67 nd WEDNESDAY 22 APRIL 2020
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DP World launches Worldwide Digital Platforms throughout Supply Chain to move Global Trade Online D U B A I : D P Wo r l d h a s l a u n c h e d cutting-edge online logistics tools and ser vices, covering sea, land and air shipping around the world. The connected ecosystem of platforms will enable freight forwarders and any business, to book shipments of cargo from and to anywhere in the world, by any combination of sea, land and air. The initiative represents a major step forward in digitizing the management of logistics to increase the efficiency, visibility and the resilience of global supply chains. Cont’d. Back Pg.
DGFT Formulating Strategies to Boost Trade in a Covid-19 World NEW DELHI: The world and India is currently facing a challenging situation due to the Covid-19 pandemic and the Government is rising up to the challenge to meet the requirement of society and industry said Mr Amit Yadav, Director General of Foreign Trade, Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India. He was speaking at a Digital Conference on Exports organized by the Confederation of Indian Industry (CII) recently.
He said that the DGFT has organized various interactions during the course of the lockdown and have addressed the issues and concerns of Industry. He mentioned that during the current lockdown and even before a number of initiatives have been taken up to address the issues faced by the industry. The officials from all parts of India has worked round the clock for the same, he said. He highlighted that extension of the existing Foreign Trade Policy (FTP) by a year would help the exporters.
He added that the Government is currently working on the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme and has urged industry to come forward with their inputs so as to finalise the same in the next few months. With respect to the renewal and increase in the rates of the interest equalisation scheme, he mentioned that the DGFT is working with the Ministry of Finance, Government of India on this and will come up with a solution to this very soon. Cont’d. Pg.13