export promotion Current Affairs, GK & News

Why do Indian Coastal states fare better in NITI Aayog’s Export Preparedness Index?

Niti Aayog’s Export Preparedness Index of 2020 has been released. Gujarat topped the list and followed by Maharashtra and Tamil Nadu. As per the report, six of eight coastal states secured their places in the top ten rankings. That clearly indicates the importance of the export facilities of the states. The index Niti Aayog has ..

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First virtual Trade Fair of India

The Export Promotion Council for Handicrafts hosted a four day virtual fair for around 200 Indian Exporters. The exporters were mainly from the industries of fashion jewelry and accessories Highlights The four-day fair that was conducted online focused on markets such as Europe and United States. The fair generated business opportunities of Rs 153 crores. ..

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Federation of Indian Export Organization: Indian Exports to fall by 20%

On May 19, 2020, the Federation of Indian Export Organization reported that the Indian Exports are to fall by 20%. This according to the organization will amount to 50-60 billion USD. Highlights The FIEO, the apex body of the exporters has requested to provide additional 2% support under the MEIS (Merchandise Exported from India) scheme. ..

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New Agro MSME Policy to be implemented

The Government of India is to implement a new Agro MSME policy. The policy is to focus entrepreneurship in rural, tribal, forest and agricultural areas. Highlights The Union Minister Nitin Gadkari recently announced that the central government is working on agro MSME (Micro, Small and Medium Enterprise) policy. It aims to encourage manufacturing products with ..

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GoI extends Foreign Trade Policy

On April 1, 2020, the Government of India notified that the export schemes such as Export Promotion Capital Goods and Duty-Free Import authorization are to be extended by one year. Also, GoI has planned to extend Foreign Trade Policy 2015-20 by another one year till 2021. Objective of the policy The policy aims at making ..

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