Nagaland signs MoU with IIFT Kolkata to set up export facilitation cell

- Advertisement -
- Advertisement -

HT Correspondent

DIMAPUR, Feb 6: Nagaland’s Industries and Commerce Department on Thursday signed a memorandum of understanding (MoU) with the Indian Institute of Foreign Trade (IIFT), Kolkata, to establish an Export Facilitation Cell (EFC) in the state through a partnership model.

- Advertisement -

The MoU was signed at the Directorate of Industries and Commerce in Kohima by Director P Tokugha Sema and Dr K Rangarajan, Professor and Centre Head, IIFT Kolkata.

As per the agreement, the EFC will function as a dedicated institutional mechanism to provide handholding support and counselling to existing and prospective exporters, facilitate market access and enhance the overall export readiness of entrepreneurs across Nagaland.

Under the MoU, the EFC will assist entrepreneurs in identifying international markets, developing export plans, participating in trade fairs, navigating customs and tariff procedures, meeting certification and standards requirements and ensuring compliance with non-tariff barriers.

The Export Facilitation Cell will also support the state government in policy formulation, strategic planning and the implementation of trade promotion schemes.

- Advertisement -

In addition, IIFT Kolkata will provide expert consultancy through its faculty members and export specialists, develop a web-based information dissemination platform with a query-builder system and conduct research and knowledge-based studies on international trade and business relevant to Nagaland.

The Industries and Commerce Department will act as the nodal agency for the initiative and provide the necessary infrastructure for the EFC, including office space, internet connectivity and basic equipment. The department will also facilitate outreach, publicity and coordination with district industries centres and other stakeholders.

Speaking at the signing ceremony, Sema said the partnership with IIFT Kolkata marked an important milestone in Nagaland’s journey towards becoming a competitive exporting state and would open up new opportunities for local entrepreneurs to access global markets.

- Advertisement -
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
Related news
- Advertisement -