Day: April 2, 2023

Apr 02

Foreign Trade Policy seeks to push rupee trade, boost exports to $2 trillion by 2030

India on Friday came out with a “dynamic and responsive” foreign trade policy aiming to push rupee trade, increase outward shipments to USD 2 trillion by 2030, and promote e-commerce exports, amid global uncertainties. The approach of the Foreign Trade Policy (FTP) 2023 is to move from ‘incentive to remission’ based regime, encourage collaboration between exporters, states, districts and Indian Missions, reduce transaction cost, and develop more export hubs. India is likely to cross USD 765 billion merchandise and services Read Full Details…

Apr 02

Key Highlights of New Foreign Trade Policy 2023

The new Foreign Trade Policy (FTP) 2023, announced by Commerce and Industry Minister Piyush Goyal, will take effect from April 1, 2023. The FTP aims to increase India’s exports to USD 2 trillion by 2030 and has no specific end date, but will be updated as needed. India is expected to end the current fiscal year with total exports of USD 760-770 billion, up from USD 676 billion in 2021-22. The policy identifies four new Towns of Export Excellence (TEE) Read Full Details…

Apr 02

India Foreign Trade Policy 2023 announced

FTP 2023 is a dynamic and open ended Policy that will accommodate the emerging needs: Sh. Piyush Goyal PM Modi has given the vision to increase exports manifold: Sh Goyal FTP seeks to take India’s exports to 2 trillion dollars by 2030: Sh Goyal 4 pillars of FTP 2023: Incentive to Remission, Export promotion through collaboration, Ease of doing business and Emerging Areas Posted On: 31 MAR 2023 5:13PM by PIB Delhi Union Minister of Commerce and Industry, Consumer Affairs, Read Full Details…