What are the implications of FTP 2015 20?

Following are the highlights of the FTP: 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.

Who announced the Foreign Trade policy for 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 is current foreign trade policy?

Foreign Trade Policy 2021-2026: Expectations For The Import-Export Sector. On April 1, India was to unveil the Foreign Trade Policy 2021-2026. The existing policy was extended by a year due to Covid-19, which was to end on March 31. The current policy will now be valid upto September 30.

What is the foreign trade policy, 2015-20?

The Foreign Trade Policy, 2015-20, is notified by Central Government, in exercise of powers conferred under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) [FT (D&R) Act], as amended. 1.01 Duration of FTP

What is the foreign trade policy of India?

(Hereinafter Referred As ‘FTDRA, 1992’) The policy is a reflection of gradual shift from incentive based to a reward based one. Under, Service Export From India Scheme (SEIS), vide Public Notice 3/2015 – 20, DT.1st April 2015, Government of India has notified various eligible Services, rates & conditions for rewards under the scheme.

Is there an amendment to the foreign trade policy?

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020, the Central Government hereby makes the following amendment in the Foreign Trade Policy (FTP) 2015-2020 with immediate effect:

What was foreign trade policy of Modi government?

The much awaited Foreign Trade Policy (2015-20), a first by the Modi-led Government, is stated be designed with a view to double India’s share in world trade from the present level of 3%, by the year 2020. By taking measures for