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Centre constitutes new trade advisory body, onboards TCS CEO

Jul 14, 2022 06:56 PM IST

The Board advises the government on policy measures connected with Foreign Trade Policy (FTP). However, the body had been defunct for a long time with the last meeting having taken place in 2013.

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The government has notified a new Board of Trade, a key advisory body to the Commerce and Industry Ministry that includes senior industry leaders and state government officials, and other stakeholders of India's foreign trade ecosystem.

The 29-member new Board of Trade has been constituted by merging the new board with the existing Council for Trade Development and Promotion (CTDP), a similar advisory body, a notification by the Directorate General of Foreign Trade announced on 12 July.

It includes Rajesh Gopinathan, CEO and Managing Director at Tata Consultancy Services; Sanjay Nayyar, Advisor at KKR India; and Om Prakash Mittal, Executive Member of RSS affiliate industry body Laghu Udyog Bharati. It also includes Laxmikumaran, Founder and Managing Partner of law firm Lakshmikumaran& Sridharan (L&S).

The new board has been created to accommodate a mix of large and small enterprises with sectoral and geographical distribution, sources said.