Regulatory adaptation, infra boost key to achieve $2 trillion export target by 2030: Official

Export potential: India's export potential and integration hinges on regulatory aptation, and infrastructure enhancement, to achieve export target of $2 trillion by 2030, Santosh Sarangi, ditional Secretary & Director General of DGFT India said at Asia Pacific Policy Summit in New Delhi on Thursday. He went on to d that current regulations pose challenges, particularly in managing returns.

Sarangi also highlighted how COVID-19 accelerated e-commerce growth, empowering artisans, handloom, handicraft, and product manufacturers to engage in global tre.

According to Sarangi, re is a need for mindset-shift among tre regulators to consider evolving export landscape and enable local artisans to connect directly with international consumers.

Sarangi ded that COVID-19 accelerated e-commerce growth, empowering artisans, handloom, handicraft, and product manufacturers to engage in global tre.

Small Enterprises

Sarangi, throwing light on small enterprises, said that private players can play an important role in helping small enterprises become a part of global value chains, highlighting MoU signed with players like Amazon and ors including one y are about to sign with DHL. According to him, cross-border e-commerce exports offer a pathway to streamline this process.

government has set a target of $2 trillion in exports to be achieved by 2030 which includes $1 trillion in merchandise exports and $1 trillion in services exports.