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FTP Assignment Session5-6

The document outlines India's goals and efforts around trade promotion and infrastructure development to make India a manufacturing and exporting hub. It discusses initiatives to promote standards and conformity assessment, build India's brand globally, expand market access and trade promotion schemes. It also covers expanding convention and exhibition infrastructure, strengthening export promotion councils, and growing project exports. The document concludes by discussing trade ecosystem digitization and various ongoing initiatives around ease of doing business and trade facilitation.

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39 views16 pages

FTP Assignment Session5-6

The document outlines India's goals and efforts around trade promotion and infrastructure development to make India a manufacturing and exporting hub. It discusses initiatives to promote standards and conformity assessment, build India's brand globally, expand market access and trade promotion schemes. It also covers expanding convention and exhibition infrastructure, strengthening export promotion councils, and growing project exports. The document concludes by discussing trade ecosystem digitization and various ongoing initiatives around ease of doing business and trade facilitation.

Uploaded by

DeepakSingh
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Section 5- Trade promotion & Infrastructure

GOAL- To make India manufacturing & exporting hub.

EFFORTS
Making & adherence to standards.

• Conformity assessment of the standards.


• Conformity Assessment Bodies (CABs) for administering the regulations.
• Supplier’s Declaration of Conformity (SDoC) procedure for Product Liability Law and market
surveillance.
• Regulator to identify the technical gaps.
• A policy for internationally accepted system “Certified Once, Accepted Everywhere” .
• Funding required for Indian enterprises (SME) for enhancing competitiveness.
Building India Brand

• India brand equity foundation(IBEF) took sector-specific approach rather umbrella


branding route for exports.
• Branding in Sectors- engineering, pharma, plantations (tea, coffee and spices), services,
textiles and leather.
• Standardised logos and taglines.
• Digital branding.
• Engaging with missions- branding activities in overseas events
• Engaging with business, academia, key institutions, etc and introducing more features,
blogs and research reports .
• Financial assistance for market access and development through buyer-seller meets,
trade fairs, conventions and seminars.
Market Access Initiative (MAI) scheme

• launched in 2003
• support trade promotion initiatives like organizing / participation in exhibitions,
buyer seller meets, seminars / conferences / conventions; brochures / catalogues
etc.
• High opportunities exists – More efforts to augment resources both within and
outside the Government would be needed.
Meetings, incentives, conventions, exhibitions (MICE)
• Estimated business- $300 billion
• India Share- 1.2%
• Rank- 25 in delegate attendance.

Possible reasons
• Convention infrastructure

Efforts
• support convention infrastructure in all major tier 1 and tier 2 States .
• India Trade Promotion Organisation (ITPO)- ecosystem for international exhibitions and
conferences
• Work plan will have to align with the priorities of this policy
For Ex- convention -cum-exhibition centre at Pragati Maidan in Delhi
Export Promotion Councils
• Responsible for promotion of a particular group of products / projects / services as
indicated in the Foreign Trade Policy (FTP).
• feedback on policy / process interventions for exports, identifying market specific
strategies, capacity building for Indian entrepreneurs, & also address grievances of
exporters.
• EPCs draw grants under the scheme of MAI .

Project Exports
• Goods and services where export receipts are allowed to be staggered in conformity
with RBI guidelines over a period of more than 12 months.
• Project Export Promotion Council data shows project export orders from
$ 4.4 billion in 2013-14 to $8.1 billion in 2016-17.
• Main markets-Africa, SAARC and ASEAN countries, Central Asian Republics in CIS and
Latin American and Carribean countries.
Steps for expanding project export

• The Buyers’ Credit Scheme by Dept of Commerce through Exim Bank of India.
• National Export Insurance Account (NEIA) by Dept of Commerce.
• NEIA is also now being used to selectively offer a Buyers’ Credit Cover for project
exports
• Interest equalisation scheme under the MAI scheme of the Dept of Commerce.
Mainstreaming Trade

• 28 State Governments have nominated Export Commissioners


• 17 States have already formulated export strategies.
• GOI gave access to state govt to review export data by DGCIS & encourage them
to prepare strategies, work plans.
• A Council for Trade Development and Promotion setup to create framework for
making the States active partners in boosting India’s exports.
Export Infrastructure

2 categories of infrastructure is required


• Multi modal transportation for improved road connectivity to ports, rail heads and airports.
• Supportive infrastructure - tool rooms , enhanced cold storage facilities, larger trade
facilitation centres etc.
• Trade Infrastructure for Export Scheme (TIES) for 2017-20
for ex- upgradation of Border Haats, Land customs stations, quality testing and certification
labs, cold chains, trade promotion centres, dry ports, export warehousing and packaging, SEZs
and ports/airports cargo terminuses
Special Economic Zones

Objectives of SEZ scheme


a. Promotion of exports of goods and services
b. Promotion of investment from domestic and foreign sources
c. Creation of employment opportunities
d. Development of infrastructure facilities.

Activity Total with year Total with year


Export Rs.4,63,770 crore (2014-15) Rs.5,23,637 crore (2016-17)
Investment Rs.4035 crore (Feb 2006) Rs.4,23,189 crore (March 17)
Direct Employment 1.34 lakh persons (Feb 2006) 17.3 lakh (March 17)
SEZ scheme
• The SEZ scheme provides an ecosystem conducive to exports, all clearances, starting from
setting up of the unit.
• Avoid seeking Advance Authorization, EPCG Authorization etc each time.
• Helpful for SME investors as they lack the resources available to bigger players for
obtaining various kinds of approvals, finding space etc.
• Utilisation of vacant land in the SEZs is critical.Information about land has been provided
in the Industrial Information System developed by the Department of Industrial Policy
and Promotion .
• Flexibility in rules and regulations will be provided to attract investment in SEZs.
SECTION 6: TRADE ECOSYSTEM

Digitization and E-governance

• All operations related to exports and imports should be automated and paperless
• Govt launched ‘Digital India’ initiative- ensuring transparency, simplification and faster
action.
Ongoing Initiatives

• IBEF has audited 35 websites Government supported relevant trade institutions .


• Commodity Boards, product development authorities, SEZs, will be digitized.
• IEC has been integrated with eBIZ portal of DIPP so firms have a choice to use either
DGFT or eBiz portal for making an application.
• Online Inter-ministerial consultations for SCOMET (Special Chemicals, Organisms,
Materials, Equipment and Technologies)
• FIEO displays information useful for export import. -Trade enquiries uploaded by Indian
trade missions, Tariff and Trade data of India’s major trade partners, Export Market
Reports, and Trade Agreements etc.
• DGFT: Facilities for Complaint Resolution Twitter handle (#DGFTINDIA)
Ease of Doing Business

• Number of mandatory documents - 3 each for export and import.


Earlier -7 for exports and 10 for imports.
• Consolidation of 5 schemes into 1 namely the Merchandise Exports from India
Scheme.

Trade Facilitation
• The Trade Facilitation Agreement (TFA) contains provisions for expediting the
movement, release and clearance of goods, including goods in transit.
• effective co-operation between customs and other appropriate authorities
Constitution of a National Committee on Trade Facilitation

• Objective -Pursuing India’s trade facilitation agenda and removing obstacles in the
way of its implementation.
• National Trade Facilitation Action Plan- optimize the gains of trade facilitation

Capacity Development

(i) Training of officers of the export promotion councils and export development
authorities;
(ii) Establishment of a trade research/ analysis cell in these institutions
(iii) Creation of an internal team for soliciting value added inputs from stakeholders
(iv) Development and regular updation of the web portals of institutions.
Niryat Bandhu scheme

• Announced in October 2011


• Bring new entrepreneurs into trade.
• Familiarizing the exporting community about the opportunities and potential available for
growth

Centre for Research in International Trade


• Deepen existing research capabilities & explore.
• Centre for Trade & Investment law
• Centre for Regional Trade
• Centre for Training, Centre for Trade Promotion
• Centre for WTO Studies (already in existence). In 2017, two new centres have become
functional.
Institutional Mechanism for Communication
• Board of Trade -offer a platform for discussion and consultation.
• Council for Trade Development and Promotion - ensure a continuous dialogue with
State Governments and Union Territories on measures for providing an international
trade enabling environment in the States and to create a framework for making the
States active partners in boosting India’s exports.’

Monitoring and Review


The policy will be reviewed mid-term with the objective of making a mid-course
assessment and modification where required.

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