International consulting firm Frost & Sullivan will carry out a study aimed at revamping India’s foreign trade regulator — the Directorate General of Foreign Trade (DGFT) — and the government’s Foreign Trade Policy (FTP), official sources said. Till 1991, the organisation was mainly looking at regulation and promotion of foreign trade through schemes and enforcement actions. Firm will suggest measures to restructure foreign trade regulator DGFT. The deadline was then extended to May 13 and firms including PwC, Roland Berger and Frost & Sullivan had applied, sources said. Though the Commerce Ministry had set a deadline of April 11 for consultancy firms to send in their Request for Proposal for conducting the study, it did not get any response.

Source: The Hindu July 02, 2016 18:32 UTC