The Directorate General of Foreign Trade (DGFT) is the agency of the Ministry of Commerce and Industry of the Government of India responsible for administering laws regarding foreign trade and foreign investment in India. Directorate General of Foreign Trade (DGFT) is the licensing authority for exporters, importers, and export and import business. It provides a complete searchable database of all exporters and importers. DGFT database is accessible online through various sites that give all the necessary information and support to help in the promotion of India’s foreign trade by implementing various export promotion schemes. Traders are issued a unique exporter importer code number necessary for import and export trade in India. The strategy is to shift focus from a regulator to that of a trade facilitator. Quality complaints of foreign buyers are also dealt with and the input output norms are set.
Owing to EU companies’ forecasts for … Read More