Amitabh Kant, Chief Executive Officer, Niti Aayog launched PHD Chamber’s Trade and Investment Facilitation Services (TIFS) Portal

Mr. Amitabh Kant, Chief Executive Officer, Niti Aayog launched PHD Chamber’s Trade and Investment Facilitation Services Portal today and said that TIFS is a unique online programme which will cater to business queries on the spot and would pave the way for a boost to trade and investment flows in India.

While launching the Trade and Investment Facilitation Services (TIFS), Shri. Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry said  that the portal is to make India a USD 100 billion investment destination in the next 5 years and to enhance India’s foreign trade trajectory to the level of USD 1500 billion by 2022.

TIFS under the auspices of PHD Chamber will provide a single window information system and facilitate the flow of trade and investments in India, said Mr. Jiwarajka. 

TIFS is a vital component for international trade and investment community and is envisioned to facilitate firms across the globe for trade and investments in India while simultaneously meeting India's rapidly growing appetite for new markets to enhance trade and investments, said Mr. Jiwarajka. 

TIFS is an information and advisory hub to provide requisite and detailed information to facilitate national and international business firms to invest in India; advising them on prospective business opportunities in India in general and in States and promising sectors in particular, he said.

TIFs will be very useful in reducing the time and hassle involved in appraising fruitful investments in the continuously changing economic ecosystem for the global investors. The portal is a single point-one-stop reference for existing and potential investors from around the world, he added.

With the launch of TIFS, we envisages US$ 1000 billion merchandize trade (exports and imports) and US$ 500 billion services trade (exports and imports) per annum in the next five years, said Mr. Jiwarajka.

TIFS will play a three dimensional role as an information center on all national and regional/local regulations and clearances, providing facilitative advisory services to help overcome key obstacles and strengthen key positive enablers for enhanced trade and investments and effective networking with relevant Indian and overseas agencies, said Mr. Jiwarajka.

Overall, TIFS will be different from various programs currently in force in the sense that the origin of PHD Chamber is from the states, from the grassroots and ultimate destinations of all investments are also states. Also, as majorly of the facilitation part is required by small and medium enterprises and again we have very good strength that our 70% members are from MSME sector, said Shri Gopal Jiwarajka.