Other key highlights of new Foreign Trade Policy 2015-20
The Dollar Business Bureau The Minister of State for Commerce & Industry (Independent Charge), Nirmala Sitharaman addressing at the release of the “Foreign Trade Policy 2015-2020”, in New Delhi on April, 01, 2015. Source: Press Information Bureau Other than the fact that India’s new FTP has brought all the old export incentive schemes under the ambit of two new schemes – MEIS and SEIS – and has made all scrips fully tradable, the following are some of its other highlights • MEIS and SEIS incentives to be provided to units based in SEZs • Lower eligibilities for becoming an export status holder • Reduced Export Obligation (EO) for domestic procurement under EPCG • Infrastructure sharing allowed between EOUs, EHTPs and STPs • ...
Making 'Proudly Made in India' a reality!
Steven Philip Warner | @TheDollarBiz It’s been more than a decade-and-a-half since India got caught in the Regional Trade Agreement (RTA) hysteria. RTAs (a parallel term used to describe Free Trade Agreements; FTAs), was born out of hope for reciprocity. Years later, we stand to realise that the expectations and imaginations of our many trade negotiators – responsible for 15 RTAs over the years – were skewed towards finding neverland! In the last decade (post which thirteen of the fifteen RTAs were signed), our exports to two dozen-plus RTA partners have increased by just 12.2% year on year – almost equal to the rate at which our exports to non-RTA geographies (11.8%) have grown. A couple of numbers will help make more ...
