Lok Sabha Question No. 2422 (UNSTARRED), answered on 2024-08-06
Subject: Platform for International Trade
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Parbhubhai Nagarbhai Vasava, Shri Vijay Kumar Dubey, Shri Jyotirmay Singh Mahato, Shri Anil Firojiya

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

## LOK SABHA UNSTARRED QUESTION NO. 2422 ANSWERED ON 06/08/2024

## PLATFORM FOR INTERNATIONAL TRADE

2422.  SHRI VIJAY KUMAR DUBEY:

SHRI PARBHUBHAI NAGARBHAI VASAVA:

SHRI ANIL FIROJIYA:

SHRI JYOTIRMAY SINGH MAHATO:

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

- (a) whether  the  Government  is  planning  to  create  any  platform  for  facility  to  connect  Indian exporters and entrepreneurs with various stakeholders in international trade;
- (b) if so, the details thereof; and
- (c) the details of the steps taken by the Ministry to promote Indian exports?

## ANSWER

## वाणिज्य और उद्योग मंत्रालय में राज्य मंत्री (श्री णिणिन प्रसाद)

## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JITIN PRASADA)

(a) & (b) Yes,  sir.  The  government  has  initiated  the  creation  of  Trade  Connect  ePlatform  to connect  Indian  Exporters,  MSMEs  and  Entrepreneurs  with  various  stakeholders  including  Indian Missions Abroad, Export Promotion Councils, and other Partner Government Agencies. The platform will  provide  information  on  trade  events  taking  place  in  different  parts  of  the  world,  benefits available  due  to  India's  Free  Trade  Agreements  (FTAs)  and  other  international  trade  related information and data.

- (c) The details of various steps taken by the Ministry to promote Indian Exports are as under

i. New Foreign Trade Policy was launched on 31st March 2023 and came into effect from 1st April 2023.

ii.  Interest  Equalization  Scheme  on  pre  and  post  shipment  rupee  export  credit  has  also  been extended up to 31-08-2024 with additional allocation of Rs. 2500 crores.

iii.  Assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.

iv.  Rebate  of  State  and  Central  Levies  and  Taxes  (RoSCTL)  Scheme  to  promote labour  oriented sector export has been implemented since 07.03.2019.

v. 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  articles  of  iron  and  steel  have  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. RoDTEP is also available for exports from SEZ units/EOUs and Advance Authorisation holders currently.

vi.  Common  Digital  Platform  for  Certificate  of  Origin  has  been  launched  to  facilitate  trade  and increase  Free  Trade  Agreement  (FTA)  utilization  by  exporters.  The  same  will  be  revamped  and moved to Trade Connect ePlatform.

vii.  Districts  as  an  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.

viii.  Active  role  of  Indian  missions  abroad  towards promoting  India's trade, tourism, technology, and investment goals has been enhanced.

ix. 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.

x. Free Trade Agreements have been signed with important partner countries to open new markets for Indian exports.

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