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
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
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.