The commerce ministry’s arm DGFT is working with the RBI and concerned ministries, including the finance ministry, on several steps like providing flexibility in payment realization to promote exports through e-commerce medium, a senior government official said on Thursday. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that huge export opportunities are there in the e-commerce sector.

“India is well poised to take advantage of e-commerce benefits, and for this, the biggest requirement is to change our mindsets…So, this would require a lot of changes in the regulations,” he told reporters here.

Sarangi said DGFT is working with departments like revenue, post, MSME, DPIIT (department for the promotion of industry and internal trade), and the RBI.

Source: economictimes.indiatimes.com/