PLI expansion, duty remission on table at trade meeting over FTP

A wider production-linked incentive (PLI) scheme and the duty-remission facility are set to predominate trade bodies’ recommendations at the Board of Trade meeting on the foreign trade policy (FTP), on Wednesday.
 
The five-year policy will be crucial in the post-pandemic era as India focuses on reviving economic activities and positioning itself in reconfiguring global supply chains.
 
Other issues including a regulator for shipping lines, doubling India’s global export share, state-specific export strategies, and rising steel prices will be raised at the meeting, to be chaired by Commerce and Industry Minister Piyush Goyal, as India’s exports face headwinds amid