In 2001-02, the Market Access Initiative Scheme was launched. It enables the undertaking of marketing promotion efforts in foreign nations. It provided a detailed study of the market for selected products and services in specific countries to gain data for understanding the export scenario of these products.
Key Features of India’s EXIM Policy
The re-engineering and automation process: The EXIM Policy highlights export development and technology-based promotion. The promotions are based on collaborative principles that are slowly moving away from an incentive-based regime towards a facilitating-based regime. The present schemes like EPCG, Advance Authorisation, etc., will be present after tunisia phone number list taking into account their effectiveness.
Towns of export excellence: Mirzapur, Faridabad, Varanasi, and Moradabad are four new towns that are designated as Towns of Export Excellence (TEE). These are added to the existing list of 39 towns. These towns are given priority access to export promotion funds under the Market Access Initiative Scheme. Moreover, they can also make use of the Common Service Provider (CSP) benefits under the EPCG scheme. They can use the benefits for export fulfillment as it boosts the export sales rates for handicrafts, handlooms, and other such products.
Exporter recognition: Export performance gives export recognition to different export firms and they can be partners in capacity-building plans and initiatives. Status holders with two stars and above are strongly encouraged to provide training and trade-related seminars to those interested.
The key features of the EXIM policy are listed below:
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