Government Strengthens Trade Competitiveness with Bold Export Reforms
26 Mar 2025
2 Min Read
CW Team
The Indian Government is implementing strategic initiatives to enhance domestic capacities, boost exports, diversify supply chains, and strengthen economic resilience. These measures aim to position India as a reliable global trade partner while fostering ease of doing business and attracting investments.
The Foreign Trade Policy (effective 1 April 2023) is designed to integrate India more effectively into global markets, enhancing trade competitiveness. As part of this strategy, 65 Export Facilitation Centres (EFCs) have been established across the country to mentor and assist exporters, particularly MSMEs, in expanding their presence in international markets.
To promote exports, several schemes have been implemented:
Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme provide financial support for export-oriented projects.
Rebate of State and Central Levies and Taxes (RoSCTL) Scheme (operational since 7 March 2019) encourages labour-intensive textile exports.
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme (effective 1 January 2021) enhances export competitiveness, covering 10,642 tariff lines and extending benefits to steel, pharma, and chemicals since 15 December 2022. For FY 2024-25, the budget allocation for RoDTEP stands at Rs 165 billion(拢1.66 billion), with benefits extended to Domestic Tariff Area (DTA) units until 30 September 2025.
To further streamline trade, the Common Digital Platform for Certificate of Origin has been launched, enabling exporters to leverage Free Trade Agreements (FTAs) more effectively. Additionally, the Districts as Export Hubs initiative identifies key products in each district, removes trade barriers, and supports local manufacturers, generating employment and economic growth.
The Government has also introduced the Trade Connect e-Platform, a digital gateway linking Indian Missions abroad, the Department of Commerce, and industry stakeholders to facilitate trade and investment. Indian embassies are playing an active role in promoting exports, tourism, technology, and foreign investment.
With the evolving global trade landscape, India is actively expanding its Preferential and Free Trade Agreements (PTAs/FTAs). Currently, the country is part of 13 FTAs and 9 PTAs, with ongoing negotiations with the EU, the UK, and Oman to further reduce trade barriers and expand export markets.
Regular monitoring of export performance is conducted through Commercial Missions, Export Promotion Councils, and Industry Associations, ensuring corrective measures are implemented as needed.
This information was provided by Shri Jitin Prasada, Minister of State for Commerce & Industry, in a written reply in the Lok Sabha today.
Image Source: Image Generated by ChatGPT
The Indian Government is implementing strategic initiatives to enhance domestic capacities, boost exports, diversify supply chains, and strengthen economic resilience. These measures aim to position India as a reliable global trade partner while fostering ease of doing business and attracting investments.
The Foreign Trade Policy (effective 1 April 2023) is designed to integrate India more effectively into global markets, enhancing trade competitiveness. As part of this strategy, 65 Export Facilitation Centres (EFCs) have been established across the country to mentor and assist exporters, particularly MSMEs, in expanding their presence in international markets.
To promote exports, several schemes have been implemented:
Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme provide financial support for export-oriented projects.
Rebate of State and Central Levies and Taxes (RoSCTL) Scheme (operational since 7 March 2019) encourages labour-intensive textile exports.
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme (effective 1 January 2021) enhances export competitiveness, covering 10,642 tariff lines and extending benefits to steel, pharma, and chemicals since 15 December 2022. For FY 2024-25, the budget allocation for RoDTEP stands at Rs 165 billion(拢1.66 billion), with benefits extended to Domestic Tariff Area (DTA) units until 30 September 2025.
To further streamline trade, the Common Digital Platform for Certificate of Origin has been launched, enabling exporters to leverage Free Trade Agreements (FTAs) more effectively. Additionally, the Districts as Export Hubs initiative identifies key products in each district, removes trade barriers, and supports local manufacturers, generating employment and economic growth.
The Government has also introduced the Trade Connect e-Platform, a digital gateway linking Indian Missions abroad, the Department of Commerce, and industry stakeholders to facilitate trade and investment. Indian embassies are playing an active role in promoting exports, tourism, technology, and foreign investment.
With the evolving global trade landscape, India is actively expanding its Preferential and Free Trade Agreements (PTAs/FTAs). Currently, the country is part of 13 FTAs and 9 PTAs, with ongoing negotiations with the EU, the UK, and Oman to further reduce trade barriers and expand export markets.
Regular monitoring of export performance is conducted through Commercial Missions, Export Promotion Councils, and Industry Associations, ensuring corrective measures are implemented as needed.
This information was provided by Shri Jitin Prasada, Minister of State for Commerce & Industry, in a written reply in the Lok Sabha today.Image Source: Image Generated by ChatGPT
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