Highlights of the Mid-Term Review of Foreign Trade Policy
The Union Ministry of Commerce and Industry in December 2017 released the Mid-term Review of the Foreign Trade Policy (FTP) 2015-20.
MEIS (Merchandise Exports from India Scheme) incentives for two sub-sectors of Textiles i.e. Ready Made Garments and Made Ups increased from 2% to 4% involving additional annual incentives of Rs. 2743 crore.
Across the board increase of 2% in existing MEIS incentive for exports by MSMEs / labour intensive industries amounting to Rs. 4576 crore.
To provide an impetus to the services trade, the SEIS (Service Export from India Scheme) incentives have been increased by 2% for notified services such as Business, ....
