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Since March 2020, during COVID-19 pandemic, regular meetings were held with the Export Promotion Councils (EPCs), Chambers of Commerce and Industry, Industry bodies and Associations to discuss issues and problems faced by the exporters and ways to promote exports during the pandemic. The issues raised by them were taken up with the concerned Ministries/Departments for an early redressal.
Government has taken the following key steps to boost exports:
This information was given by the Union Minister of Commerce and Industry, Shri Piyush Goyal, in a written reply in the Rajya Sabha today.
Export promotion measures expanded: regulatory relief, financial support, and sectoral incentives to sustain exports during the pandemic. Measures to sustain exports during the COVID-19 pandemic include regulatory extensions and relaxations under the Foreign Trade Policy-such as extended policy validity, extended export obligation periods for Advance Authorisations and EPCG, and eased compliance for EOUs and SEZs-financial support through continued interest support on rupee export credit and banking relief for industry and MSMEs, and sectoral and facilitative interventions including Production Linked Incentive schemes, a common digital Certificate of Origin platform, an Agriculture Export Policy, services promotion plans, district export hub development, technical standards and skilling support, and mobilisation of overseas missions.Press 'Enter' after typing page number.