loader image
Connect with us

National News

Trade Connect Portal: Ease of doing business  is a click away

Published

on

1,544 Views

The Government of India is reworking how exporters engage with official touchpoints, and the Trade Connect Portal offers a simple way for businesses to raise issues, seek clarity, and receive updates without navigating multiple departments.

In India’s evolving trade landscape, the Trade Connect Portal stands out as a digital bridge between exporters and the government. Created under the Department of Commerce, this platform unites the Directorate General of Foreign Trade (DGFT), Central Board of Indirect Taxes and Customs (CBIC) and other agencies into one responsive ecosystem, allowing exporters to log issues, seek clarifications, and track progress transparently.

The idea is simple yet practical: build a feedback-driven bridge where businesses and bureaucracy communicate seamlessly. Exporters no longer have to rely on fragmented channels; instead, they can reach the right officials with a few clicks and receive updates in real time.

The Trade Connect Portal is an important milestone towards Hon’ble Prime Minister Shri Narendra Modi’s vision of a digitally empowered India. By integrating multiple departments under one platform, it is enabling exporters to engage directly with government systems in a transparent and responsive manner. Every exporter’s concern provides valuable input for refining India’s trade environment and strengthening the nation’s position as one of the world’s most business-friendly destinations.

The initiative is part of the Foreign Trade Policy 2023, which focuses on transforming India’s trade ecosystem through digitalisation and collaboration. It aims to build trust, shorten turnaround times, and improve coordination between multiple government bodies that handle trade policy and execution.

With Trade Connect, exporters can now communicate directly with the system and receive status updates. It helps the government to map recurring issues, drive policy reforms, and ensure that no voice from the trading community goes unheard.

For India’s gem and jewellery exporters, who often deal with complex Customs and certification procedures, the benefits are immediate: fewer delays, faster grievance handling, and a clearer understanding of policy changes.

Kirit bhansali

Kirit Bhansali, Chairman, GJEPC, welcomed the initiative: “Trade Connect aligns with the gem and jewellery industry’s aspiration for predictability and efficiency. It empowers even small exporters to engage confidently with the system and ensures accountability at every level of governance. Such digital reforms are key to achieving our goal of $100 billion in gem and jewellery exports by 2047.”

With its human-centred design, Trade Connect captures a modern philosophy of governance, where exporters are not just stakeholders but partners in shaping the system. In redefining how India listens to its exporters, Trade Connect reaffirms confidence that Ease of Doing Business is no longer an aspiration; it’s becoming an everyday reality.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

Jewellery Inclusion in FTWZ, Enabling Secure Storage and Display of High-value Inventory

Effectively Completes the Value Chain Within the SEZ-linked FTWZ Ecosystem.

Published

on

1,892 Views

In a significant policy clarification, the Government of India has brought jewellery under the ambit of Free Trade Warehousing Zones (FTWZ), extending the scope of the existing framework governed by the SEZ Rules, 2006.

Under a Circular dated 3rd March 2016, FTWZ units were already permitted to undertake storage and vaulting of precious commodities such as gold, silver, platinum, gems, and precious stones. The latest clarification now explicitly includes jewellery within this framework, effectively completing the value chain within the SEZ-linked FTWZ ecosystem.

This move follows consistent representations by GJEPC to the Government, highlighting the need to broaden the FTWZ framework to include jewellery, thereby enabling secure storage and display of high-value inventory within India.

This move addresses a critical gap in the existing framework by enabling finished jewellery to be stored, displayed, and traded within FTWZs, something that was not clearly permitted earlier. It also provides a secure mechanism for handling high-value inventory, which is particularly important during periods of global uncertainty. At the same time, it supports trade continuity by facilitating smoother consignment-based operations and more efficient global redistribution from India.

FTWZs in India offer a viable, well-regulated environment backed by SEZ infrastructure, providing both stability and operational efficiency. The move positions India as an additional, dependable hub within the global supply chain, offering flexibility to international traders while reinforcing confidence in India’s regulatory and trading ecosystem.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x