24 February , 2021 Fdiindia
India Is Required To Get Into Inventive Tech To Enhance Exports: Amitabh Kant
India should get into inventive technology to raise the export, which will be beneficial for the domains such as telecom, automobile, battery storage device and solar energy stated by the Niti Aayog CEO, Amitabh Kant. Amitabh Kant mentioning the CII report Foreign Trade Investment in India; Bringing new opportunities through the strategic reforms, the country is at the corner of the transformation stated by Amitabh Kant.
Amitabh Kant talked about the reforms that have been executed post-pandemic in the assistance of the project. ‘The primary indicators such as GDP, FDI and trade have raised’, he also added India has become a favorite designation for the foreign investment. UK Deputy Commissioner of South Asia, Rhiannon Harries stated, trade and investment are the heart of the UK-India relationship. The UK and India government are closely working on boosting the trade partnership which plays a significant role in strengthening the trade ties and eliminating the market access barriers and acting as a roadmap for a potential free trade agreement. Harries specified. The CII report, unveil the detailed anatomy of the policies that influence the vulnerability of international trade consisting of the tax, non-tax barrier and FDI.
Against the backdrop of the policy modifications, the study scrutinizes the trends and pattern of the import and the export and FDI inflow also determine the considering issues being faced by the organizations in India. It also features the requirement to participate in the favorable trade agreement with the primary partner besides leveraging the existing once for discerning the greater import as well as enhancing India’s consolidation in the regional and global value chain. The report suggested the crucial policy measures consisting of growth mechanism to evident the effectiveness of the single-window system by the chief ministers of the respective states.