The Indian commerce ministry last week sought suggestions from stakeholders, including industry and trade associations, for the formulation of the next foreign trade policy (FTP 2021-26). The Directorate General of Foreign Trade (DGFT) said in a trade notice that a Google form has been created to collate, analyse and process the suggestions and inputs.

Stakeholders, including export promotion councils (EPCs), trade/industry bodies/associations, commodity boards, regional authorities and members of the trade, industry are requested to send their suggestions/inputs only through the above-mentioned Google Form, rather than email or paper-based submissions on or before July 31.

The foreign trade policy (2015-20) was extended first for a year till March 31, 2021, due to the pandemic and again extended for six months till September this year.

At present, various benefits are provided under different schemes such as Merchandise Export from India Scheme (MEIS), Services Export from India Scheme (SEIS), advance authorisation and export promotion of capital goods.

Fibre2Fashion News Desk (DS)

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