The Indian government has taken a significant step towards streamlining the export-import (EXIM) process with the launch of the Trade Connect ePlatform. This initiative aims to empower businesses, particularly aspiring and established entrepreneurs, by providing easy access to vital trade information.
Developed collaboratively by multiple stakeholders, including key ministries, IT giant TCS, and export promotion bodies, the Trade Connect platform offers a comprehensive suite of resources. Exporters will find real-time data on customs duties, rules and regulations, along with information on trade events happening worldwide. Additionally, the platform highlights benefits available through India’s Free Trade Agreements (FTAs) and offers other relevant international trade data.
This centralized platform addresses the challenge of information asymmetry, a major hurdle for Indian exporters. By providing a user-friendly and readily accessible source of information, the Trade Connect ePlatform can significantly reduce research time and administrative burdens for businesses. This streamlined process is expected to boost India’s competitiveness in the global trade arena, with potential benefits for economic growth and job creation.