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LATEST UPDATES:

March 24 , 2023 Vijayan Unni celebrated 50th Year of Service to the Maritime Trade            March 24 , 2023 DP World establishes it’s first “Rail Linked Container Freight Station” at Hazira, Gujarat            March 24 , 2023 ‘FFFAI YLP 2023’ awarded to Nitesh Kumar of Balmer Lawrie, nominated for ‘FIATA YLP-YIFFA Award-2023’ from India            March 23 , 2023 JNCH opens CEAC- Centralised Export Assessment Cell            March 23 , 2023 MoPSW looking VGF Scheme change to boost Coastal Shipping             March 23 , 2023 Efficient logistics ecosystem will drive us to become Atmanirbhar Bharat : Piyush Goyal            March 21 , 2023 Haropa Port on tour in India to present its Green Corridor and its opportunities for Real Estate            March 20 , 2023 JNPA welcomes Former PM of France & Mayor of Le Havre            March 20 , 2023 PSA reports Resilient Growth in 2022            March 20 , 2023 J M Baxi Ports & Logistics Ltd and Indian Potash Ltd signs JV concession agreement with Visakhapatnam Port Authority            
Latest News

Vijayan Unni celebrated 50th Year of Service to the Maritime Trade

March 24 , 2023

DP World establishes it’s first “Rail Linked Container Freight Station” at Hazira, Gujarat

March 24 , 2023

‘FFFAI YLP 2023’ awarded to Nitesh Kumar of Balmer Lawrie, nominated for ‘FIATA YLP-YIFFA Award-2023’ from India

March 24 , 2023

JNCH opens CEAC- Centralised Export Assessment Cell

March 23 , 2023

View All Posts

DST News

New Foreign Trade Policy likely by end of this month : Commerce Secretary

March 17 , 2023

NEW DELHI : India’s upcoming foreign trade policy 
will seek to handhold MSMEs to build their financial capabilities, set up special zones for ecommerce exports and develop new mechanisms to support services related to artificial intelligence and Internet of Things.
The Commerce and industry Ministry is currently reviewing the existing Foreign Trade Policy. As part of this, 
it is deliberating on improving India’s trade resilience so as 
to be prepared for unforeseen events such as the .....
.....Covid-19 pandemic and integrating Nari Shakti (womanpower) into international trade and value chains to encourage women into export-oriented businesses.
The current policy was announced on April 1, 2015 and was extended till March 31, 2023. As part of the new policy, slated to be released by the end of this month, the Government may announce a vision and strategies document for laying the roadmap of goods and services exports from April 1.
Officials said around 10 chapters would be part of the document.
“We are working on ways to facilitate ecommerce exports and discussions are on to setup ecommerce zones on the lines of Software Technology Parks of India,” said one official, adding that detailed strategies to boost ecommerce and build further on Brand India are being contemplated. 
The ecommerce zones could provide all facilities at one place, including banks, fintech companies, customs clearance and logistics and courier services, along with a separate space for warehousing.
The new trade strategy is aimed at boosting India’s 
goods and services exports that are expected to hit $750 billion in the ongoing fiscal year, compared with $676 billion in 
fiscal 2022.
Commerce Secretary Sunil Barthwal said the Ministry has looked at various aspects of the foreign trade policy (FTP) as it is basically a collection of various incentive schemes.
Officials are also adding the aspect of vision into the policy as the Ministry is targeting to take the goods and services exports to $2 trillion by 2030.

 

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