Officials say that China, which has till now not pushed to fast track negotiations in the RCEP, has shown a new keenness to engage actively ahead of the talks.
Currently, the think tank does not include global internet firms such as Amazon, Facebook, Google and Uber, and some of these companies are now looking to reach out to the government to be included in policy-making.
The think tank comprises representatives from 50 organisations- both govt and private, to provide a forum to nurture domestic firms and create jobs in e-commerce.
GeM has designed ‘pool accounts’ where states can make advance payment for their purchases but can’t debit, thereby eliminating the chance of non-availability of funds.
The government is mulling new schemes linked to job creation and manufacturing clusters, especially in the case of textiles and apparel where India has to phase out subsidies by the end of this year.
Exporters are claiming that over 60 per cent of their refunds are still stuck with the government, which blocks their working capital.
US GSP trade programme aims at promoting economic growth in developing world by allowing duty-free entry to select goods.
Exports declined nearly one percent in March after four months of rise to $29.1 billion from $29.3 billion a year ago, data released by the government showed.
India is the largest beneficiary of the GSP among developing countries at $5.6 billion with 3,500 products getting duty-free access to the US market.
Experts have welcomed the move saying it will benefit as long as technically sound people are recruited in these agencies.
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