Government of Nagaland signs MoU with the Indian Institute of Foreign Trade, Kolkata.
Share
DIMAPUR — The Department of Industries and Commerce, Government of Nagaland, signed a Memorandum of Understanding (MoU) with the Indian Institute of Foreign Trade (IIFT), Kolkata, on Thursday at the Directorate of Industries and Commerce, Kohima.
The MoU was signed between the Director of Industries and Commerce, P Tokugha Sema, and Dr. K Rangarajan, Professor & Centre Head IIFT, a DIPR report stated.
The collaboration aims to establish an Export Facilitation Cell (EFC) in Nagaland through a partnership model between the department and IIFT where the EFC will function as a dedicated institutional mechanism to provide handholding support and counselling to existing and prospective exporters, facilitate market access, and strengthen the overall export readiness of entrepreneurs across the state.
Under the MoU, the EFC will assist entrepreneurs in areas such as identifying international markets, developing export plans, trade fair participation, customs and tariff procedures, certifications and standards and compliance with non-tariff barriers.
The cell will also support the state government in policy formulation, strategic planning and implementation of trade promotion schemes.
The IIFT will also provide expert consultancy through faculty 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 Department of Industries and Commerce will act as the nodal agency and provide necessary infrastructure for the EFC, including office space, internet connectivity, and basic equipment, besides facilitating outreach, publicity and coordination with district industries centres and other stakeholders.
Speaking at the event, the Director of Industries and Commerce stated that the partnership with IIFT Kolkata marks an important milestone in Nagaland’s journey towards becoming a competitive exporting state and will open new opportunities for local entrepreneurs to access global markets.
“The MoU reflects the shared commitment of both the institutions to promote export-led growth, entrepreneurship and employment generation in Nagaland, thereby contributing to the state’s overall economic development,” the report stated.