Get latest articles and stories on Business at LatestLY. The new Foreign Trade Policy (FTP), scheduled to be announced at the end of this month, is expected to focus on enhancing the ease of doing exports from India, industry body PHD Chamber of Commerce and Industry said on Friday. Business News | New FTP Expected to Enhance Ease of Doing Exports from India.
As per sources, this new Foreign Trade Policy would seek to enhance India’s exports, and make them more competitive. It could also venture into new areas, such as e-commerce.
Amit Kapoor - India needs to address the existing regional disparity across states to build the antifragile export ecosystem, , Sustainable Export Growth
New foreign trade policy to give thrust to export of R&D services
The thrust on R&D services came after it became one of the fastest-growing segments among India s services exports
Joe C Mathew | March 8, 2021 | Updated 12:48 IST
Union Commerce and Industry Minister Piyush Goyal
The soon-to-be-announced New Foreign Trade Policy 2021-26 may give a special emphasis to export of research and development (R&D) services. A separate section focusing on R&D services exports is being planned, a government official said.
The changes are being worked out by the Department of Commerce at the behest of the office of the Principal Scientific Advisor of India. The government had extended the validity of foreign trade policy 2015-2020 by a year - till March 31, 2021 due to the Covid-19 pandemic. The new policy is to be effective from April 1, 2021 for a period of five years.
New Foreign Trade Policy 2021-2026 to be rolled out from April, says Govt ANI | Updated: Jan 13, 2021 06:22 IST
New Delhi [India], January 13 (ANI): Union Ministry of Commerce and Industry on Tuesday said that India s new Foreign Trade Policy 2021-2026, under formulation, will come into effect from April 1, 2021, for five years and will strive to make the country a leader in international trade.
The Parliamentary Consultative Committee of the Ministry of Commerce and Industry held a meeting on the subject New Foreign Trade Policy 2021-26 , the commerce ministry said in a statement.
It was chaired by the Minister of State for Commerce and Industry Hardeep Singh Puri, and attended by Members of Parliament (MPs) and senior officers of the ministry.