The Prime Minister, Shri Narendra Modi inaugurated ‘Vanijya Bhawan’ and launched the NIRYAT portal in Delhi on June 24.
NIRYAT Portal
NIRYAT – National Import-Export for Yearly Analysis of Trade portal will help in breaking silos by providing real time data to all stakeholders.
India’s exports
The Prime Minister noted that last year, despite the historic global disruptions, India’s exports stood at a total of $ 670 billion i.e. Rs 50 lakh crore.
Last year, the country had decided that despite every challenge, it has to cross the threshold of $ 400 billion i.e. 30 lakh crore merchandise export.
India crossed this and created a new record of export of $ 418 billion i.e. 31 lakh crore rupees.
Vanjiya Bhawan
The Prime Minister cited the new Vanjiya Bhawan as also the symbol of his Government’s achievements in the field of commerce during this period.
He recalled that at the time of foundation stone laying, he had stressed the need for innovation and improvement in the Global Innovation Index.
He had also talked about improving ease of doing business at that time, today, more than 32000 unnecessary compliances have been removed.
Similarly, GST was new at the time of foundation stone laying of the building, today, 1 lakh crore GST collection per month has become commonplace.
In terms of GeM, 9 thousand crore rupees worth orders were discussed then, today, more than 45 lakh small entrepreneurs are registered on the portal and orders worth more than 2.25 lakh crore have been placed.
The Prime Minister had talked about 120 Mobile units at that time up from just 2 in 2014, today this number has crossed 200.
Fin-tech startups
Today India has 2300 registered Fin-tech startups, up from 500, 4 years ago. At the time of the foundation stone laying of the Vanijya Bhawan India used to recognize 8000 startups every year, today, this number is more than 15000, the Prime Minister informed.
