SME Times News Bureau | 04 Aug, 2021
Government is committed for promoting Indian
exports in international markets and suitable interventions are done from time
to time, stated Minister of State in the Ministry of Commerce and Industry, Anupriya
Patel, in a written reply in the Lok Sabha on Wednesday.
In her reply, the minister mentioned about steps
like extension of the Foreign Trade Policy Foreign Trade Policy, implementation
of schemes such as the Advance Authorization Scheme and the Export Promotion Capital
Goods (EPCG) Scheme, extension of Interest Equalization Scheme, which provides
pre and post shipment Rupee export credit, upto 30.09.2021, etc.
Duties and Taxes on Exported Products (RoDTEP) scheme has been operationalized
for exports with effect from 01.01.2021, she added.
It has been decided to extend the Rebate of State
and Central Levies and Taxes (RoSCTL) Scheme for apparel and made-up exports
till March 2024, the minister said.
Transport and Marketing Assistance (TMA) scheme for
specified agriculture products provides assistance for the international
component of freight and marketing of agricultural produce and to promote brand
recognition for Indian agricultural products in the specified overseas markets,
A common digital platform for Certificate of Origin
(CoO) has been launched to increase Free Trade Agreement (FTA) utilization by
exporters, she added.
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, she stated.
Exports of services is being supported through
negotiating meaningful market access through multilateral, regional and
bilateral trade agreements, through participation in and organization of
international fairs/exhibitions like the Global Exhibition on Services. An
‘Action Plan for Champion Sectors in Services’ is being developed to give
focused attention to identified Champion Services Sectors through
identified nodal Ministries/Departments, she said.
Assistance is being extended to exporters under the
Market Access Initiative (MAI) scheme for various activities such as export
market research & product development, product registration, organizing /
participating in fairs, exhibitions and Buyer Seller Meets (BSMs) abroad,
Reverse Buyer Seller Meets etc., she informed
In order to have a coordinated and focused
attention on development of export infrastructure, a working group on
infrastructure up-gradation has been constituted under National Committee on
Trade Facilitation (NCTF) and a National Trade Facilitation Action Plan (NTFAP)
has been formulated. This includes measures for improving road and rail
connectivity to ports and smart gates at sea ports, the minister stated.
Government is continuously engaged in strengthening
Indian industry through “ease of doing business” for improving the business
environment and attracting foreign investments, she added.
To make domestic manufacturing globally competitive
and to create global champions in manufacturing,Production Linked Incentive
(PLI) Schemes in 13 sectors are being implemented.
The Government has initiated a review of some of
the existing Free Trade Agreements (FTAs) to maximize its export potential to
benefit domestic industry as well as to make them more user friendly, simple
and trade facilitative. In addition, bilateral trade negotiations have been
initiated with a number of countries, the minister stated.