Lok Sabha Question No. 2228 (UNSTARRED), answered on 2023-08-02
Subject: Total Exports
Ministry: COMMERCE AND INDUSTRY
Asked by: Parbatbhai Savabhai Patel

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

## LOK SABHA UNSTARRED QUESTION NO. †2228 ANSWERED ON 02/08/2023

## TOTAL EXPORTS

## †2228. SHRI PARBATBHAI SAVABHAI PATEL:

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

- (a) whether total export of India has crossed its highest mark till date in the 75th year of Independence;
- (b) if so, the measures being taken by the Ministry to develop its large domestic market to the optimum level and expand its reach across the world;
- (c) whether new schemes have been implemented by the Ministry to establish India at global stage and showcase its business in the entire world by industrialists and businessmen; and
- (d) if so, the details thereof?

## 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) to (d): India's overall export (merchandise plus services) was US$ 776.3 billion in 2022-23 which is the highest in terms of overall exports until now.

The Government has taken the following measures to  promote India's export and to develop its large domestic market to the optimum level and expand its reach across the world:

- (i) New Foreign Trade Policy  has been launched on 31 st March, 2023 and came in to effect from 1st April, 2023.
- (ii) Districts as Export Hubs 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 and to develop its large domestic market to the optimum level and expand its reach across the world.

- (iii) Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended upto 31-03-2024.
- (iv) Assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.
- (v) Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote  labour oriented sector export has been implemented since 07.03.2019.
- (vi) 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.
- (vii) Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
- (viii) 12 Champion Services Sectors have been identified for promoting and diversifying services exports by pursuing specific action plans.
- (ix) Active role of Indian missions abroad towards promoting India's trade, tourism, technology and investment goals has been enhanced.
- (x) 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.

*****