Lok Sabha Question No. 1306 (UNSTARRED), answered on 2024-07-30
Subject: Promotion of Business
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Jagdambika Pal

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 1306.

TO BE ANSWERED ON TUESDAY, THE 30 TH  JULY, 2024.

## PROMOTION OF BUSINESS

## 1306   SHRI JAGDAMBIKA PAL:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

## वाणिज्य एवं उद्योग मंत्री

- (a) the details of key initiatives and policy measures of the Government to boost exports, attract investments and promote ease of doing business, in line with the vision of transforming India into a developed nation or Viksit Bharat by 2047; and
- (b) the  details  of  steps  taken  by  the  Government  to  enhance  the  global competitiveness  of  Indian  industries,  foster  innovation  and  entrepreneurship and  facilitate  greater  integration  with  global  value  chains,  as  part  of  the roadmap for India 2047?

## ANSWER

## वाणिज्य एवं उद्योग मंत्रालय में राज्य मंत्री ( श्री णिणिन प्रसाद ) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI JITIN PRASADA)

- (a): The  Central  Government  has  undertaken  several  key  initiatives  and  policy measures to boost exports, attract investments and to promote ease of doing business from time to time. The details are as under:
- (i)   Government  has  taken  following  export  promotion  initiatives  to  boost exports:
1. New Foreign Trade Policy has been launched on 31 st  March, 2023 and came in to effect from 1st April, 2023.
2. Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended upto 31-08-2024 with total allocation of Rs. 12788 crores.
3. Assistance  is  being  provided  through  several  schemes  to  promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.
4. Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote  labour-oriented  sector  export  has  been  implemented  since 07.03.2019.
5. Remission  of  Duties  and  Taxes  on  Exported  Products  (RoDTEP) scheme  has  been  implemented  since  01.01.2021.  With  effect  from 15.12.2022,  uncovered  sectors  like  pharmaceuticals,  organic  and inorganic  chemicals  and  article  of  iron  and  steel  has  been  covered under  RoDTEP.  Similarly,  anomalies  in  432  tariff  lines  have  been addressed and the corrected rates have been implemented with effect from 16.01.2023.
6. Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
7. Districts  as  Export  Hubs  initiative  has  been  launched  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.
8. Active role of Indian missions abroad towards promoting India's trade, tourism, technology and investment goals has been enhanced. Regular monitoring of export performance with Commercial Missions abroad, Export Promotion Councils, Commodity  Boards/  Authorities and Industry Associations and taking corrective measures from time to time.
- (ii)      Government  has  taken  various  steps  to  boost  domestic  and  foreign investments in India. These include the introduction of Goods and Services Tax, reduction in corporate tax, improving ease of doing business, FDI policy reforms, measures for reduction in compliance burden, measures to boost domestic manufacturing through public procurement orders, Phased Manufacturing Programme (PMP) and QCOs (Quality Control Orders), to name  a few. Further, keeping in view India's vision of becoming 'Atmanirbhar', PLI Schemes for 14 key sectors have been announced with an outlay of Rs. 1.97 lakh crore to enhance India's Manufacturing capabilities and Exports.
- (iii) With the objective to improve Ease of Doing Business and Ease of Living, The Government has taken initiatives to Simplify, Rationalize, Digitize and Decriminalize Government to Business and Citizen Interface across all the States/UTs. So far, more than 42,000 compliances have been reduced and more  than  3,800  provisions  have  been  decriminalized.  National  Single Window  System  (NSWS)  is  a  unified  platform  for  applying  for  all  G2B clearances from various Central Ministries/Departments and State Departments. All 32 in-scope Central Ministries/Departments are integrated

on NSWS. A total of 277 Central approvals can be applied through NSWS. Information pertaining to more than 661 approvals is available to investors via the Know Your Approvals (KYA) module. Jan Vishwas (Amendment of Provisions) Act, 2023 was introduced to further the trust-based governance and enable de-criminalization of minor offences and compliance-based laws and  requirements.  The  Act  decriminalized  183  provisions  under  42  Acts administered by 19 Ministries/Departments.

- (b): The Government has taken several steps to enhance the global competitiveness of Indian industries, foster innovation and entrepreneurship, and  facilitate  greater  integration  with  global  supply  chains,  as  part  of  the roadmap for India 2047. The details are as under:
- (i) The  policy  initiatives  of  the  Government  for  promoting  investments  and improving ease of doing business have enhanced India's global competitiveness.  India  is  the  fastest-growing  major  economy  the  world. India ranks 63rd in the World Bank's Doing Business Report (DBR), 2020 published in October, 2019. India's rank in the DBR improved from 142nd in 2014 to 63rd in 2019, registering a jump of 79 ranks in a span of 5 years.
- (ii)  Policy and Legislative reforms have been undertaken in last 9 years with respect to institutional strengthening and process digitalization in the area of  Intellectual  Property  Right  (IPR).  This  shall  accelerate  economic development  of  the  nation  through  science  and  technology  to  fulfil  the Viksit  Bharat  Sankalp.  India's  rank  in  the  Global  Innovation  Index  (GII) amongst 132 economies has improved from 81 st  in 2015 to 40 th   in  GII 2023. Number of Patents granted has seen a seventeen-fold growth from 5,978 in 2014-15 to 1,03,057 in 2023-24. Number of Designs Registered has recorded a four-fold increase from 7,147 in 2014-15 to 30,672 in 202324.
- (iii)  The  Startup  India  initiative  was  launched  with  the  aim  to  build  a  strong ecosystem for nurturing innovation and entrepreneurship to drive sustainable  economic  growth  and  generate  large  scale  employment opportunities. The Startup India Action Plan comprises of 19 action items spanning across areas such as 'Simplification and handholding', 'Funding support and incentives' and 'Industry-academia partnership and incubation'. Sustained efforts by the Government have led to an increase in the number of DPIIT recognised startups to 1.33 lakh.
- (iv) India has undertaken trade policy reforms to enhance its participation and share in global trade. India's Foreign Trade Policy (FTP) plays a crucial role in promoting the country's integration into global supply chains. India's FTP, with  its  focus  on  cost  competitiveness,  trade  facilitation,  and  emerging sectors,  provides  a  strong  framework  for  promoting  global  supply  chain participation.
- (v)  The Government of India launched PM GatiShakti National Master Plan on 13th  October, 2021 to facilitate  infrastructure  and  social  sector  planning using  the  PM  GatiShakti  NMP  GIS-enabled  portal.  Utilisation  of  PMGS promotes multimodal connectivity, enhances last mile connectivity which contributes to Ease of Doing Business and Ease of Living. To complement the PM GatiShakti NMP, the National Logistics Policy (NLP) was launched on  17th  September,  2022  by  Hon'ble  Prime  Minister  to  reduce  logistics costs  and  improve  logistics  efficiency  in  the  country.  These  policies  are fostering innovation and facilitating greater integration with global supply chains.

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