Smt Nirmala Sitaram, Hon’ble Union Minister for Corporate Affairs had promised to open a Director General of Foreign Trade ( DGFT ) office in Belagavi in August 2016 and has been opened at Ground Floor, Belagavi permanent exhibition complex Auto Nagar, Kanbargi Belagavi.
The said office has now become fully functional and is ready to issue IEC, authorizations under Chapter 3,4,5 of FTP 2015-20.
Trade and Industry from the districts of Belagavi, Bagalkot, Dharwad, Uttara Kannada and Bijapur are hereby advised to make use of the facilities available at the RA, Belagavi.
DGFT is responsible for implementing the Foreign Trade Policy or Exim Policy with the main objective of promoting Indian exports. Directorate General of Foreign Trade (DGFT) organisation is an attached office of the Ministry of Commerce and Industry and is headed by Director General of Foreign Trade.
DGFT or Directorate General of Foreign Trade is a government organization in India responsible for the formulation of exim guidelines and principles for Indian importers and indian exporters of the country. Before 1991, DGFT was known as the Chief Controller of Imports & Exports (CCI&E).
DGFT has been essentially involved in the regulation and promotion of foreign trade through regulation. Keeping in line with liberalization and globalization and the overall objective of increasing of exports, DGFT has since been assigned the role of “facilitator”. The shift was from prohibition and control of imports/exports to promotion and facilitation of exports/imports, keeping in view the interests of the country.
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