New Delhi. The Government of India has constituted an Inter-Ministerial Group (IMG) to closely monitor the developments in West Asia. The group is closely monitoring developments in West Asia to assess any weakening trend in our shipping, logistics, exports and even critical imports.
Union Commerce and Industry Minister Piyush Goyal, while addressing a webinar on Tuesday, said that in the first meeting of the inter-ministerial group today, various ministries have given some suggestions. The Union Minister said that we will work on them and will keep waiting for your valuable suggestions in the Commerce Ministry, so that the impact of the West Asia crisis can be minimized.
A consultation meeting was held today with all stakeholders of the Ministry, key logistics and trade facilitation partners to review the emerging geopolitical situation and its potential impact on India’s exports and imports.
He informed that an ‘Inter-Ministerial Group (IMG) for Supply Chain Resilience has been formed, comprising members from the Department of Financial Services, Ministry of External Affairs, Ministry of Shipping, Ports and Waterways, Ministry of Petroleum and Natural Gas and Central Board of Indirect Taxes and Customs, to facilitate effective coordination, monitoring and follow-up.
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