New Delhi [India], March 25 (ANI): The Government has implemented several forward-thinking initiatives focused on strengthening internal capabilities and increasing support exports By promoting diversified supply chains, investigating alternative import sources, and nurturing economic resilience, the Minister of State for the Ministry of Commerce & Industry stated this approach. Jitin Prasada , notified the Lok Sabha in writing on Tuesday.

Cited in an announcement by the Ministry of Commerce & Industry, this statement was featured MoS notified the Parliament that the Foreign Trade Policy, which comes into effect on April 1, 2023, aims to better integrate India with the international marketplace and enhance trade competitiveness , and position the country as a dependable and trustworthy trade partner.

The MoS mentioned that aid is being offered via multiple programs to encouragepromotion exports specifically, the Trade Infrastructure for Exports Scheme (TIES) and the Market Access Initiatives (MAI) Scheme.

The MoS mentioned that setting up 65 Export Facilitation Centers (EFCs) will offer essential guidance and supportive assistance to exporters, particularly those from MSMEs, helping them export their goods and services internationally.

The Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour-oriented certain items of textiles sector export has been implemented since March 07, 2019, he added.

The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme was launched on January 1, 2021. To boost exports further, this benefit under the RoDTEP initiative was expanded to include industries such as steel, pharmaceuticals, and chemicals starting from December 15, 2022. competitiveness In this statement, the ministry cited the source as mentioned in the release. MoS .

At present, 10,642 tariff items (8-digit ITC(HS) codes) fall within the scope of this program. For the fiscal year 2024-25, the allocated budget for the RoDTEP scheme stands at Rs. 16,575 crore. Additionally, the advantages provided by the RoDTEP scheme have been expanded to include exports From Domestic Tariff Area (DTA) units up until September 30, 2025, according to the MoS .

A shared digital platform for Certificates of Origin has been introduced to streamline the process. trade and increase Free Trade Agreement (FTA) utilisation by exporters.

The government has initiated Districts as Export Hubs by pinpointing goods with export potential within each district, tackling obstacles related to their exports, and aiding local exporters and manufacturers to create jobs within the region.

The Government has introduced the Trade Connect e-Platform as an informational and intermediary tool for global trade. trade , gathering representatives from Indian Embassies abroad along with officials from the Department of Commerce and various organizations to offer extensive support for both novice and seasoned exporters.

The proactive part played by Indian embassies overseas in advancing India's interests trade The enhancement of objectives related to tourism, technology, and investments has been increased. MoS added in the written reply.

He also mentioned that they regularly assess the effectiveness of exports through interactions with Commercial Missions overseas, Export Promotion Councils, Commodity Boards/Authorities, and Industry Associations, implementing adjustments as necessary.

With the changing trade Scenario: India is progressing toward entering into Preferential/Free Trade Agreements (PTAs/FTAs), which involve reducing or eliminating customs duties and non-tariff barriers on significant goods. trade Items among the PTA/FTA members, he added.

According to the MoS Currently, India is part of 13 free trade agreements and 9 preferential trade agreements besides ongoing talks with the EU, the UK, and Oman. (ANI)