The government has unveiled India’s new Foreign Trade Policy 2023 aimed at boosting exports by making states and districts active stakeholders. The policy decentralizes export promotion to the district level through initiatives like District Export Hubs. Let’s examine the key highlights of the Foreign Trade Policy 2023 and how it aims to give a fillip to India’s exports.
Districts as Export Hubs Initiative
i) Decentralize export promotion by bringing awareness at district level
ii) Identify exportable products/services in all districts
iii) Create State and District Export Promotion Committees
iv) Prepare District Export Action Plans (DEAPs)
States and Districts as Partners in Export Promotion
i) Build export capacity and identify new markets
ii) DGFT to conduct training programs in coordination with District Industry Centers
iii) DGFT Regional Authorities to work with States/UTs on district export plans
iv) Focus on branding, packaging, design etc. for identified products/services
Capacity Building at District Level
i) Address infrastructure and logistics bottlenecks for exports
ii) Districts to develop export-related infrastructure like testing facilities, connectivity etc.
iii) Convergence of schemes to support export-oriented ecosystem
Infrastructure and Logistics Development
i) Interventions to improve logistics, testing facilities, connectivity to boost exports
ii) Leverage ongoing schemes and initiatives to upgrade export infrastructure
The FTP 2023 signifies the government’s strategic focus on grassroot-level export promotion. The policy aims to unlock the export potential of every district through targeted initiatives. With states and districts as partners, India is poised to scale new heights in exports and integrate deeper into global value chains.
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