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“When you go in search of honey, you must expect to be stung by bees”
KENNETH KAUNDA
First President of Zambia.
India's New Foreign Trade Policy (FTP) 2015-Sept 2021
1. Increase exports to $900 billion by 2019-20, from $466 billion in 2013-14.
2. Raise India's share in world exports from 2% to 3.5%.
3. Merchandise Export from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) launched.
4. Higher level of rewards under MEIS for export items with High domestic content and value addition.
5. Chapter-3 incentives extended to units located in SEZs (Special Economic Zone).
6. Export obligation under EPCG (Export Promotion Capital Goods) scheme reduced to 75% to promote domestic capital goods manufacturing.
7. FTP to be aligned to make in India, Digital India and Skills India initiatives.
8. Duty credit scrips made freely transferable and usable For payment of custom duty, excise duty and service tax.
9. Export promotion mission to take on board state Governments
10. Unlike annual reviews, FTP will be reviewed after two-and-Half years.
11. Higher level of support for export of defense, farm Produce and eco-friendly products.
2. Raise India's share in world exports from 2% to 3.5%.
3. Merchandise Export from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) launched.
4. Higher level of rewards under MEIS for export items with High domestic content and value addition.
5. Chapter-3 incentives extended to units located in SEZs (Special Economic Zone).
6. Export obligation under EPCG (Export Promotion Capital Goods) scheme reduced to 75% to promote domestic capital goods manufacturing.
7. FTP to be aligned to make in India, Digital India and Skills India initiatives.
8. Duty credit scrips made freely transferable and usable For payment of custom duty, excise duty and service tax.
9. Export promotion mission to take on board state Governments
10. Unlike annual reviews, FTP will be reviewed after two-and-Half years.
11. Higher level of support for export of defense, farm Produce and eco-friendly products.