Steps to Reduce Export Cost of Articles.

Press Information Bureau

Government of India

Ministry of Commerce & Industry

17-August-2011 17:29 IST

Steps to Reduce Export Cost of Articles

A Task Force on Transaction Cost was set up by Ministry of Commerce & Industry in October, 2009 to assess the procedural bottlenecks affecting India’s exports and imports and to look into various issues affecting the competitiveness of Indian exports and to suggest remedial measures to reduce transaction cost and thereby facilitate exports. Task Force has 44 recommendations concerning various ministries/Departments. 23 recommendations have been implemented resulting in reduction of approximately Rs. 2100 Crore of Transaction Cost.

This information was given by the Minister of State for Commerce and Industry Shri Jyotiraditya M. Scindia in a written reply to a question, in the Rajya Sabha today.

DS/gk