• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow

New Indian Foreign Trade Policy to be effective from Apr 1

18 Jan '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

India’s new Foreign Trade Policy (FTP) will come into effect from April 1 this year for a duration of five years and will strive to make India a leader in the area of international trade and channelise the synergies gained through merchandise and services exports for growth and employment to make India a $5 trillion economy, the ministry of commerce and industry said.

A meeting of the parliamentary consultative committee of the ministry was held recently on the issue. It was chaired by minister handling the portfolio Hardeep Singh Puri.

Improvements in the operations of the domestic manufacturing and services sector in combination with efficient infrastructure support by the government would result in correcting the imbalances within India and feed into the trade policy, a press release by the ministry said.

The District Export Hubs initiative will form an important component of the new FTP. The department of commerce through the regional authorities of the Directorate General of Foreign Trade (DGFT) has engaged with state and union territory governments to take forward this initiative and enable its implementation in a phased manner.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search