Govt's new foreign trade policy set to boost domestic manufacturing

Apart from that, under the policy, e-commerce as export hubs (ECEH) will be set up through private initiative or in public-private partnership (PPP) mode, in partnership with the states or the Centre

The Export Promotion Capital Goods (EPCG) scheme, which allows for the import of capital goods at zero Customs duty for export production, is being further rationalised under the new foreign trade policy, and is expected to boost domestic manufacturing.

For instance, the Prime Minister Mega Integrated Textile Region and Apparel Parks (PM MITRA) scheme has been added as an additional scheme eligible for benefits under the common service provider scheme of EPCG.

The dairy sector is set to get a boost as it will be exempted from maintaining the average export obligation. Battery electric vehicles of all types, wastewater treatment