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India to extend Foreign Trade Policy for a few months beyond Mar 31
25 Mar '22
1 min read
Pic: Shutterstock
India will extend the existing Foreign Trade Policy (FTP) for a few months beyond March 31, according to commerce minister Piyush Goyal. "I think many events that are unfolding are making us work over time to make that policy much more contemporary and more real time...The existing policy will be continued for some more months," Goyal said recently.
A notification regarding this will come soon, director general of foreign trade Santosh Kumar Sarangi was quoted as saying by a news agency.
In September last year, the government extended the FTP 2015-20 till March 31, 2022, due to the pandemic. The present policy came into force on April 1, 2015.
The policy provides guidelines related to imports and exports in India. The ministry announces the policy every five years.
Fibre2Fashion News Desk (DS)
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