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The credibility and demand for Indian products in the world is evident from India’s merchandise exports exhibiting accelerated Y-o-Y growth vis-à-vis 2020 and 2019 levels. India’s merchandise exports in April-November 2021 stood at USD 262.46 billion, an increase of 50.71% over April-November 2020 and an increase of 24.29% over April-November 2019.
Government is closely facilitating, monitoring, assisting and channelizing efforts for a target-driven merchandise export by including all stakeholders, across states and reaching out up to the districts.The following are some of the steps taken by Department of Commerce to provide access of global markets to industries and farmers, including the schemes being implemented:
This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Rajya Sabha today.
Export support schemes expanding market access through freight assistance, targeted market promotion and remission of domestic levies. Central export facilitation measures include a Transport and Marketing Assistance scheme providing freight support for specified agricultural exports and the Market Access Initiative offering product-country focused promotion funding to trade and research bodies. Sectoral export authorities and Export Promotion Councils provide specialized assistance. Complementary measures identify Districts as Export Hubs, finance export infrastructure under the Trade Infrastructure for Export Scheme, and implement RoDTEP to remit otherwise non-reimbursed central, state and local levies. A Common Digital Platform for Certificates of Origin and enhanced overseas mission engagement aim to boost market access and FTA utilization.Press 'Enter' after typing page number.