India will try to build up export competitiveness in its own right without depending on the Generalized System of Preferences (GSP) scheme provided by the US, said Commerce and Industry Minister Piyush Goyal on Thursday.
Addressing the media for the first time since taking charge, Goyal said India graciously accepts the fact that development assistance hitherto provided by other nations has stopped.
The scheme provided India tariff-free access to the US market. All benefits have stopped since June 5.
“It’s not something that any of the exporters raised as a matter of life and death. It has had an impact