Ex­ports to Get a Boost with TIES

The Economic Times - - Front Page - Kir­tika.Suneja @times­group.com

NewDelhi: Fi­nance min­is­ter Arun Jait ley has f lagged con­cern over risi ng i nci­dents of pro­tec­tion­ism, say­ing such poli­cies can im­pact In­dia’s ex­ports.

“In sev­eral parts of the world, there are sig ns of in­creas­ing re­treat from glob­al­i­sa­tion of goods, ser­vices and peo­ple, as pres­sures for pro­tec­tion­ism are build­ing up. These de­vel­op­ments have the po­ten­tial to af­fect ex­ports from a num­ber of emerg­ing mar­kets, in­clud­ing In­dia,” Jait­ley said.

To boost ex­ports, Jait­ley said a new scheme — Trade In­fra­struc­ture for Ex­port Scheme—would­be­launched in FY18 to pro­vide funds for build­ing land cus­tom sta­tions, trade pro­mo­tion cen­tres, dry ports and ex­port ware­houses. The scheme has re­placed the As­sis­tance to States for In­fra­struc­ture De­vel­op­ment of Ex­ports scheme that was re­pealed in 2015.

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