Government Removed 32,000 Unrequired Compliances: Prime Minister Modi

Prime Minister Narendra Modi on Thursday said that Government has removed over 32,000 unnecessary compliances. He said this while inaugurating the new building of Commerce Ministry, Vanijya Bhavan.

He also said that exports play critical role in transforming a developing country into a developed nation.

Mr Modi referred to trade deals signed with the UAE and Australia last year and informed that there has been a lot of progress on talks for similar pacts with other countries as well.

"For business, identifying new markets and manufacturing products after identifying their needs is very important for the progress of the country", he said.

He also requested every department to periodically review the portals and platforms that have been developed in recent times.

Mr Modi added that the country has got the gift of a new and modern commercial building as well as an export portal, one physical and other digital infrastructure, he said.

Referring to the new infrastructure of the ministry, the Prime Minister said that this is also time to renew the pledge of ease of doing business and ease of living.

'Ease of access' is the link between the two, he said adding more than 32,000 unnecessary compliances have been removed.

The Prime Minister also appealed to exporters and the industry to fix long-term export targets for themselves and suggest ways to the government to achieve those goals.

Inaugurating the new Vanijya Bhawan here, he said that the exports play a critical role in the transition of a country from developing to developed status.

During the last fiscal year, the Prime Minister said despite the historic global disruptions, India's exports stood at a total (goods and services) of $670 billion (Rs 50 lakh crore).

He added that India's merchandise exports in 2021-22 crossed $418 billion (Rs 31 lakh crore), as against the target of $400 billion (Rs 30 lakh crore).

"Encouraged by this success of the past years, we have now increased our export targets and have doubled our efforts to achieve them. Collective effort of everyone is very necessary to achieve these new goals… Industry, exporters and export promotion councils are here. I will urge them to set not only short-term but also long-term export targets for themselves," the Prime Minister said.

The Prime Minister also launched the NIRYAT (National Import-Export Record for Yearly Analysis of Trade) portal - which is developed as a one-stop platform for stakeholders to get all necessary information related to India's foreign trade.