Who announced the new foreign trade policy from 2015 to 2020?

The Government of India, Ministry of Commerce and Industry announced New Foreign Trade Policy on 01st April 2015 for the period 2015-2020, earlier this policy known as Export Import (Exim) Policy.

What are the objectives of India’s foreign trade policy 2015-2020?

The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of our Hon’ble Prime Minister.

What are the guiding principle of FTP 2015-2020?

18. We have based the FTP for 2015-2020 on certain principles, such as, encouraging the export of labour intensive products, Agricultural products, high tech products with high export earning potential and eco-friendly and green products and work on focussed market diversification.

What is the export target of India’s New Foreign Trade policy 2015 to 20?

The exports of India are expected to cross USD 325 billion from USD 178 billions in the financial year 2009-10. The present new Foreign Trade Policy 2015-20 targets to earn foreign exchange of one trillion by the year 2020.

What is the foreign trade policy of India?

Commerce and Industry Minister Nirmala Sita Raman unveiled foreign trade policy (FTP) 2015 -20, which seek to provide higher incentive to agriculture industry. FTP also seeks to establish an institutional framework to work with state governments to boost India’s exports.

What are the objectives of Foreign Trade Policy 2015-20?

Objectives of India’s Foreign Trade Policy 2015-20 • FTP 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in line with the ‘Make in India’ programme.

When does the new foreign trade policy come into effect?

New schemes come into effect on the first day of financial year i.e. April 1, every year.  The Foreign trade Policy which was announced on April 1,2015 is an integrated policy for the period 2015- 2020. 8/17/2015 23 24.

When does the Indian export policy come into effect?

The current Export Import Policy covers the period 2015-2020. The FTP is updated every year on the 31st of March and the modifications, improvements and new schemes become effective from 1st April of every year.