MSME promotion council will initiate several programs to benefit the exporters present in the industry and also will initiate programs for spreading awareness about the new Foreign Trade Policy to various sectors of the industry where exports will give intensive growth to MSME’s.
India’s dynamic Minister of Commerce and Industry Shri Piyush Goyal Ji, has asked the Department of Commerce to take up a ‘massive focus concentrated’ approach and outreach globally in next 4-5 months sectorally as well as country wise through Indian mission abroad with special focus on Trade, Technology, Tourism and Investment.
MSME Promotion Council appreciated the salient features of new Foreign Trade Policy some of which are
Digitization of the applications pertaining to FTP, Automatic system-based approval of FTP applications,
Promoting trade in Indian Rupees, Introduction of provisions for merchanting trade, Special advance
authorization scheme extension to apparel and clothing, all these initiatives will boost the MSME’s to explore opportunities for exports and add value towards the vision of USD 5 trillion economy of India by 2024-25.
