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Last updated: 13 Dec, 2018  

Exports.9.Thmb.jpg Exports up over 17 pc in Apr-Sept 2018

Exports.9.jpg
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SME Times News Bureau | 13 Dec, 2018

India's overall exports (merchandise and services) in the period April-September have increased 17.01% as compared to the corresponding period of previous year, the Commerce Ministry said.

In order to boost India's exports, the Government has taken several measures through new Foreign Trade Policy 2015-20 launched on 1st April 2015, it added.

Also, a release said, the government has taken several other policy measures taken from time to time.

It pointed out that FTP 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in line with the Make in India, Digital India, Skill India, Start-up India and Ease of doing business initiatives.

The ministry also mentioned about the two new schemes, namely ‘Merchandise Exports from India Scheme (MEIS)’ for improving export of specified goods by merging five earlier schemes for better coherence and ‘Services Exports from India Scheme (SEIS)’ for increasing exports of notified services.

Duty credit scrips issued under MEIS and SEIS and the goods imported against these scrips are fully transferable. The MEIS scheme now covers 8057 tariff lines at 8-digit level to all countries, it said.

India's overall exports (merchandise and services) have increased since 2016-17, the ministry added.

 
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