Q. Which union ministry has launched "Trade Infrastructure for Export Scheme (TIES)" for developing export-linked infrastructure?
Answer: Ministry of Commerce and Industry
Notes: Nirmala Sitharaman, the Union Minister of State for Commerce and Industry, has recently launched a new scheme “Trade Infrastructure for Export Scheme (TIES)” in New Delhi for developing export linked infrastructure in states with a view to promote outbound shipments. The purpose of the TIES is to bridge the infrastructure gap and provide forward and backward linkages to units engaged in trade activities. The scheme will be implemented from April 1, 2017 and will have budgetary allocation of Rs 600 crore for three years with annual outlay of Rs 200 crore. The scheme would provide assistance for setting up and up-gradation of infrastructure projects with overwhelming export linkages like the Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres and export warehousing and packaging.
This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.
