SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Govt constitutes Council for Trade Development and Promotion

20 Jul 2015 Evaluate

The continuously falling exports has led the government tackle the issue seriously and constitute a council comprising members of the Centre and states to promote India's overseas shipments. The Union Commerce and Industry Minister will be the chairperson of 'Council for Trade Development and Promotion', while trade/commerce ministers in states and Union Territories will be the members. Besides, 14 secretaries of the central government including commerce, revenue, shipping, civil aviation, agriculture, food processing and economic affairs will also be the members the council. The chairman of the Railway Board, Niti Aayog secretary and CEO, the director generals of Foreign Trade and the Federation of Indian Export Organisations, representatives of industry chambers CII and FICCI and the joint secretary, commerce will also be the members of the cauncil.

The newly constituted council will provide a platform to state governments and UTs for articulating their perspective on trade policy to help them develop and pursue export strategies in line with national foreign trade policy. The central and state governments would also deliberate in the council on the relevant infrastructure to promote trade and identify impediments and infrastructure gaps adversely affecting exports. The council also aims at achieving the $900 billion exports target by 2019-20.

Last month Commerce and Industry ministry had asked states to expedite infrastructure development process and to formulate a trade policy in order to boost exports. Till now as many as 21 states have appointed export commissioners while 14 states including Madhya Pradesh and Gujarat have framed strategies for outward shipments.

India's merchandise exports declining further for the seventh straight month in June stood at $22.29 billion, almost 16 percent lower than the $26.48 billion worth shipped in the same month of last year. Cumulative exports for the period April-June 2015-16 at $66.69 billion registered a 16.75 percent decline over that in the corresponding quarter ($80.11 billion). Earlier, the FIEO had warned that the continuing decline in exports would result in layoffs, besides putting pressure on the current account deficit (CAD).


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×