GOVERNMENT COMMITTED TO REDUCE TRANSACTION COSTS
Date : 23 Nov 2009
Location : New Delhi
In order to facilitate international trade, Government is committed to reduce transaction costs / delays an simplify export procedures, on a continuous basis.
A Task Force on Transport Costs has been established in October 2009 to assess the procedural bottlenecks affecting India’s imports and exports. The Task Force will look into various issues affecting the competitiveness of Indian exports and suggest remedial measures to reduce transaction costs and thereby facilitate exports. Report of the Task Force will be submitted in a few months.
This information was given by Shri Jyotiraditya M. Scindia, Minister of State for Commerce and Industry, in a written reply in the Lok Sabha today.