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Ministry Of Commerce And Industry Notifies Various Measures For Promoting Export

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Ministry Of Commerce And Industry Notifies Various Measures For Promoting Export
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The Ministry of Commerce and Industry on Wednesday has taken various measures for promoting exports in order to strengthen the Indian industry through “ease of doing business” for improving the business environment and attracting foreign investments.

To promote Indian exports in international markets and suitable interventions are done from time to time. Some key schemes/interventions are stated below:

1. The Foreign Trade Policy has been extended upto 30.09.2021 to provide a stable regime during the Covid-19 pandemic.

2. Schemes such as the Advance Authorization Scheme and the Export Promotion Capital Goods (EPCG) Scheme are being implemented to enable duty free import of raw materials and capital goods for export production.

3. In order to leverage the full export potential of our vast country, Districts are being promoted as Exports Hubs by identifying products and services with export potential in each district, addressing bottlenecks for exporting these products/services and supporting such local exporters/manufactures through institutional and strategic interventions. District specific export action plans for 478 districts have been prepared.

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