Santosh Kumar Sarangi, Director General of the Directorate General of Foreign Trade (DGFT), stated India's e-commerce exports could reach $200 billion in the next six to seven years, a significant increase from the current $1.2 billion. Speaking at the 'E-commerce Exports' conference organized by the Federation of Indian Chambers of Commerce and Industry (FICCI), Sarangi highlighted the need for changes in logistics handling, policy-making, and the approach of the Reserve Bank of India (RBI) to facilitate this growth in e-commerce exports.
He emphasized for India to achieve this ambitious target, there must be reforms in logistics and policy frameworks. He also expressed confidence that the e-commerce industry will play a pivotal role in helping India realize its broader goal of achieving $2 trillion in exports.
During the conference, Sarangi discussed the initiatives undertaken by the DGFT in collaboration with other regulatory agencies to streamline and facilitate e-commerce exports. He also underscored the importance of creating awareness among exporters to conduct e-commerce business in a fair and ethical manner.