“We must also try to make it easier to operate for small companies, eliminate unnecessary paperwork, make custom processes simpler, and use technology to ease and simplify processes,” he stated.
On integrating India with Global value chains, Goyal said if we do not harmonize our value chains with the rest of the world, or if we don’t create logistics which are easier and faster, it would be difficult for international companies to get India into its value chain.
On, the district as an export hub initiative of the Government, Goyal said it is inspired by the Prime Minister’s idea to recognize every district for its unique products and identify the speciality of districts by knowing which district exports which products. He said, under the initiative today, exports from each district of the country are mapped and figures for exports from each district are known. This database of each district is now being used to promote these products across the world. For example, Morbi is recognized for ceramic exports, Tripura exports pineapple and Bihar exports litchi, he said.
He said the government is looking at each district and its potential to emerge as an export hub. It is coordinating at district and state levels to see how businesses can be connected with world markets, making each district realize their role in value chains.