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

The five-year policy will be crucial in the post-pandemic era as India focuses on reviving economic activities

Trade
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The Board of Trade, under the Departme­nt of Commerce, has senior officials of key ministries and representatives of the states and industry and trade promotion bodies.

Dilasha Seth New Delhi
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