Export promotion Current Affairs - 2020

First virtual Trade Fair of India

The Export Promotion Council for Handicrafts hosted a four day virtual fair for around 200 Indian Exporters. The exporters were mainly from the industries of fashion jewelry and accessories Highlights The four-day fair that was conducted online focused on markets such as Europe and United States. The fair generated business opportunities of Rs 153 crores. Read More…

Federation of Indian Export Organization: Indian Exports to fall by 20%

On May 19, 2020, the Federation of Indian Export Organization reported that the Indian Exports are to fall by 20%. This according to the organization will amount to 50-60 billion USD. Highlights The FIEO, the apex body of the exporters has requested to provide additional 2% support under the MEIS (Merchandise Exported from India) scheme. Read More…

New Agro MSME Policy to be implemented

The Government of India is to implement a new Agro MSME policy. The policy is to focus entrepreneurship in rural, tribal, forest and agricultural areas. Highlights The Union Minister Nitin Gadkari recently announced that the central government is working on agro MSME (Micro, Small and Medium Enterprise) policy. It aims to encourage manufacturing products with Read More…

GoI extends Foreign Trade Policy

On April 1, 2020, the Government of India notified that the export schemes such as Export Promotion Capital Goods and Duty-Free Import authorization are to be extended by one year. Also, GoI has planned to extend Foreign Trade Policy 2015-20 by another one year till 2021. Objective of the policy The policy aims at making Read More…

National Technical Textiles Mission approved by Cabinet Committee on Economic Affairs

On February 26, 2020, the Cabinet Committee on Economic Affairs approved the National Technical Textiles Mission. The mission has been allocated Rs 1,480 crores. The aim of the mission is to make India a global leader in Technical Textiles. Highlights The Mission is to be implemented in India for 4 years, that is, between 2020-21 Read More…