Trade pol­icy to boost SEZs

Down to Earth - - THE FORTNIGHT - AL­MOST A

year af­ter com­ing to power, the Na­tional Demo­cratic Al­liance gov­ern­ment has de­clared its For­eign Trade Pol­icy 2015-20. It fo­cuses on Prime Min­is­ter Naren­dra Modi's "Make in In­dia" ini­tia­tive and gives a ma­jor boost to ex­ports. It has in­tro­duced two schemes "Mer­chan­dise Ex­ports From In­dia Scheme" and "Ser­vices Ex­ports From In­dia Scheme", un­der which in­cen­tives and re­bates will be given for the ex­port of spe­cific goods to spe­cific mar­kets. To re­vive the ail­ing Spe­cial Eco­nomic Zones (SEZs), in­tro­duced dur­ing the ear­lier NDA gov­ern­ment and that faced re­sis­tance from com­mu­ni­ties, will be cov­ered un­der th­ese two schemes. This will en­sure that SEZs are able to re­duce their op­er­a­tion cost and make profit.

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