Press Information Bureau

Government of India

Ministry of Commerce & Industry

10-October-2011 16:35 IST

Anand Sharma Convenes Meeting of Board of Trade

Shri Anand Sharma, Union Minister of Commerce, Industry & Textiles, will Chair a meeting of the Board of Trade on 11th October 2011 in New Delhi. Few important items of the forthcoming meeting would be taking views on the Trade scenario of the country; overview of the Global Trade, policy measures to mitigate fallout of the adverse scenario, procedural simplifications and views on strategy paper put by the Department of Commerce.

The members of the Board of Trade are: Onkar S. Kunwar, Chairman Apollo Tyres; Pawan Mujal, MD of Hero Honda Group; Ramesh Chandra, MD Unitech; Kiran Mazumdar Shaw, Chairman Biocon ltd;, Habil F. Khirakikala, Chairman Wockhardt; Shiv Nadar of HCL terchnologies; Y. C Deveshwar of ITC; Venu Srinivasan of TVS Motors; Ms. Chanda D. Kochhar of ICICI; Ramu S. Deora, Hari Bahrtiya and Rajan Bharti Mittal.

Shri Rahul Khullar, Commerce Secretary and Dr. Anup K Pujari, Director General of Foreign Trade (DGFT), will also be attending apart from the Members.

The Board of Trade has a dynamic role of advising government on relevant issues connected with Foreign Trade Policy. There is a process of continuous interaction between the Board of Trade and Government in order to achieve the desired objective of boosting India's exports. It also advises the government on preparation and implementation of short term as well as long term strategies for enhancing exports in the light of emerging national and international trade scenarios.

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Advisory role of Board of Trade to review trade scenario and recommend policy and procedural measures. A Board of Trade meeting chaired by the Union Minister will review the domestic and global trade outlook, consider policy measures to mitigate adverse effects, procedural simplifications, and a Department of Commerce strategy paper; the Board, composed of industry leaders and senior trade officials, advises the government on Foreign Trade Policy and engages in continuous consultation to prepare and implement short term and long term export enhancement strategies.