Monday, Jul 13, 2020 | Last Update : 11:49 AM IST

111th Day Of Lockdown

Maharashtra25442714032510289 Tamil Nadu138470895321966 Delhi112494899683371 Gujarat41906291982046 Karnataka3884315411686 Uttar Pradesh3647623334934 Telangana3467122482356 West Bengal3001318581932 Andhra Pradesh2916815412328 Rajasthan2439218103510 Haryana2124015983301 Madhya Pradesh1763212876653 Assam168071089541 Bihar1630511953125 Odisha13737875091 Jammu and Kashmir105135979179 Kerala7874409532 Punjab78215392199 Chhatisgarh4081315319 Jharkhand3760230831 Uttarakhand3537278647 Goa2453120714 Tripura206714212 Manipur16098960 Puducherry141873918 Himachal Pradesh121391610 Nagaland8453270 Chandigarh5594178 Arunachal Pradesh3601382 Meghalaya295452 Mizoram2311500 Sikkim164810
  Business   Economy  05 Dec 2017  FTP may focus on job creation, improving trade logistics

FTP may focus on job creation, improving trade logistics

PTI
Published : Dec 5, 2017, 1:31 pm IST
Updated : Dec 5, 2017, 1:31 pm IST

Entering the negative terrain after more than a year, exports contracted by 1.12 per cent in October.

Five-year FTP was announced on April 1, 2015, and set an ambitious target of India's goods and services exports touching USD 900 billion by 2020.
 Five-year FTP was announced on April 1, 2015, and set an ambitious target of India's goods and services exports touching USD 900 billion by 2020.

New Delhi: Job creation and improving trade logistics are likely to be key focus areas in the mid-term Foreign Trade Policy review and may also seek to address GST- related concerns of exporters, government sources said.

The FTP review, to be unveiled later on Tuesday, may accord special priority to improving logistics for trade to help bring down the costs, sources told PTI.

One key focus will be boosting employment creation in labour-intensive sectors like textiles and leather while addressing exporters' concerns on GST-related issues, sources added.

They further said the FTP review may build upon the GST related reforms, with the trade analytics division under the Directorate General of Foreign Trade (DGFT) helping with policy inputs.

Exporters have been voicing concerns about challenges on account of the GST implementation, with some even suggesting that they should be kept out of the ambit of the new indirect tax regime and the drawback refund be expedited as it was blocking their working capital.

The mid-term review was earlier supposed to be released before July 1, when the GST was introduced. However, it was put off as the government wanted to factor in exporters' feedback regarding the GST.

Entering the negative terrain after more than a year, exports contracted by 1.12 per cent in October, primarily due to liquidity problems faced by exporters following the GST rollout.

The five-year FTP was announced on April 1, 2015, and set an ambitious target of India's goods and services exports touching USD 900 billion by 2020. It also aimed at increasing India's share of world exports to 3.5 per cent, from 2 per cent.  

Tags: foreign trade policy, jobs, trade logistics, gst, export
Location: India, Delhi, New Delhi