Identify various organizations that have been set up in the country by the government for promoting the country’s foreign trade.
The Government of India has set up various organizations to promote the country's foreign trade:
a. Export inspection Council- it was established by the government of India under section 3 of the export quality control and inspection act, 1963. It aims to promote exports through quality control and pre-shipment inspection. All the goods that are meant for export must be passed through it for quality inspection.
b. Indian Institute of packaging- It was set up in 1966 by the Ministry of Commerce of the Government of India, the Indian packaging industry and allied industries. It caters to the needs of the domestic manufacturers and exporters.
c. Indian Institute of Foreign Trade- It was set up under the Societies Registration Act in 1963. It is an autonomous body and a deemed university. It provides training in international trade, provides data related to international trade and conducts researches in the international business area.
d. Department of Commerce- The department of Commerce is an Apex Body of the Ministry of Commerce of the Government of India. It formulates policies related to foreign trade and import-export.
e. Indian Trade Promotion organisation- It was formed under the Companies Act 1956 in 1992. It aims at a closer relationship among traders, industry and the government. It organizes trade fairs and exhibitions with both local and international goods.
f. Export Promotion Council- These are nonprofit organizations aimed at promoting exports of particular products. It is registered under the Companies Act of the societies Registration Act.
g. State trading organisation- It was set up in 1956 with the aim to enhance trade.
H. Commodity board- These boards are established specifically for the development of production of the traditional commodity.