Lok Sabha Question No. 2867 (UNSTARRED), answered on 2021-12-15
Subject: Impact of Covid-19 on Exports
Ministry: COMMERCE AND INDUSTRY
Asked by: Parbatbhai Savabhai Patel, Naranbhai Bhikhabhai Kachhadiya

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 2867 (H) TO BE ANSWERED ON 15 th  DECEMBER, 2021

## IMPACT OF COVID-19 ON EXPORTS

## 2867(H). SHRI PARBATBHAI SAVABHAI PATEL: SHRI NARANBHAI KACHHADIYA:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मंत्री ) be pleased to state:

- (a) whether India is very close to achieving its exports target despite combating Covid-19 and other challenges and the extent of achievement vis-a-vis the targets fixed;
- (b) if so, the status of Indian exports by the end of October,2021; and
- (c) the details of incentives and assistance being provided by the banks to the exporters, especially,  Gujarat  as  the  condition  of  the  exporters  has  deteriorated  after  the pandemic?

## ANSWER

okf.kT; ,oa m|ksx ea=ky; esa jkT; ea=h ¼Jherh vuqfiz;k iVsy½

## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SMT. ANUPRIYA PATEL)

(a) & (b): India's  merchandise  exports  in  April-November  2021  was  USD  263.78  billion which  is  65.95%  of  export  target  of  USD  400  billion  for  2021-22,  while  till  October  2021, merchandise exports was USD 233.90 billion.

(c): Government  has  increased  the  present  period  of  realization  and  repatriation  of  the amount representing the full export value of goods or software or services exported from nine

months to fifteen months from the date of export, for the exports made up to or on July 31, 2020.  In  addition,  the  Government  has  taken  the  following  measures  to  boost  exports throughout the country, including Gujarat:

- (i) The mid-term review (2017) of the Foreign Trade Policy (2015-20) was carried out and corrective measures were undertaken.
- (ii) Foreign Trade Policy (2015-20) extended by one year i.e. upto 31-3-2022 due to the COVID-19 pandemic situation.
- (iii) Assistance  provided  through  several  schemes  to  promote  exports,  namely,  Trade Infrastructure  for  Export  Scheme  (TIES)  and  Market  Access  Initiatives  (MAI) Scheme.
- (iv) A  Central  Sector  Scheme  -'Transport  and  Marketing  Assistance  for  Specified Agriculture  Products'-for  providing  assistance  for  the  international  component  of freight to mitigate the freight disadvantage for the export of agriculture products.
- (v) Remission of Duties and Taxes on Exported Products (RoDTEP) scheme and Rebate of State and Central Levies and Taxes (RoSCTL) Scheme have been launched with effect from 01.01.2021.
- (vi) Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
- (vii) Promoting and diversifying services exports by pursuing specific action plans for the 12 Champion Services Sectors.
- (viii) Promoting districts as export hubs by identifying products with export potential in each  district,  addressing  bottlenecks  for  exporting  these  products  and  supporting local exporters/manufacturers to generate employment in the district.
- (ix) Active  role  of  Indian  missions  abroad  towards  promoting  India's  trade,  tourism, technology and investment goals has been enhanced.
- (x) Package announced in light of the COVID pandemic to support domestic industry through various banking and financial sector relief measures, especially for MSMEs, which constitute a major share in exports.

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