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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.

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