Directorate General of Foreign Trade (DGFT) is the key government body responsible for regulating and promoting foreign trade in India. It operates under the Ministry of Commerce and Industry and plays a crucial role in formulating and implementing the Foreign Trade Policy (FTP). DGFT facilitates exports and imports by issuing licenses, authorizations, and scrips to businesses engaged in international trade. It aims to boost India’s exports by providing various incentives and schemes to exporters. The organization also ensures compliance with trade regulations and monitors import-export activities. DGFT works to simplify procedures and enhance ease of doing business for traders. It plays an important role in maintaining a balance of trade and supporting economic growth. Additionally, DGFT provides guidance and support to businesses on trade-related matters and policy updates.
