Robust trade finance ecosystem important to achieve USD 2 trillion exports target by 2030: DGFT official

A robust and easy trade finance ecosystem is important for India to achieve the USD 2 trillion exports target by 2030, said a senior government official
Robust trade finance ecosystem important to achieve USD 2 trillion exports target by 2030: DGFT official
Robust trade finance ecosystem important to achieve USD 2 trillion exports target by 2030: DGFT official
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New Delhi: A robust and easy trade finance ecosystem is important for India to achieve the USD 2 trillion exports target by 2030, a senior government official said on Thursday. Additional Director General of Foreign Trade (DGFT), S C Aggarwal said that the easy availability of affordable trade finance helps promote export competitiveness. Traders and the government have to work on issues like obtaining easy finance both for domestic and cross-border trade, he said.

Robust trade finance ecosystem important to achieve USD 2 trillion exports target by 2030: DGFT official
Govt waives duty and agri cess on crude soya bean, sunflower oil imports till June 30

A robust & easy trade finance ecosystem is important for moving us to achieve this goal of USD 2 trn

"A robust and easy trade finance ecosystem is very important for moving us to achieve this goal (of USD 2 trillion)," Aggarwal said at an event.
India has set an ambitious target to take its total goods and services exports to USD 2 trillion by 2030.

Exports of goods & services in 2022-23 rose by 14.68% to USD 775.87 bn

According to the commerce ministry's data, exports of goods and services in 2022-23 rose by 14.68 percent to USD 775.87 billion as against USD 676.53 billion in 2021-22. He suggested the industry to focus on how to make it easier to get the finance and ways to strengthen this ecosystem.

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