The government has restored RoDTEP scheme benefits for Special Economic Zones (SEZs), Export Oriented Units (EOUs), and Advance Authorisation holders from June 1, 2025. The WTO-compliant scheme refunds embedded taxes not covered under other mechanisms and has disbursed over ₹57,976 crore so far. Image Source: Freepik In a move aimed...
Prof Manoj Pant, Director, Indian Institute of Foreign Trade, discusses the trends in global trade over the past 5 years and how policymakers should approach the Foreign Trade Policy 2021-26 with India Business & Trade. He also talks about the prospective developments in the multilateral trade agenda under the Trump...
Dr Arpita Mukherjee, Professor at ICRIER, proposes a step-by-step framework for India’s Foreign Trade Policy, where India should look at success stories from other countries, make subsidies WTO-compliant, and focus on market development, competitiveness and efficiency, as opposed to incentives. IBT: What have you observed as the most transformational changes...
Exporters would benefit from early announcement of RoDTEP rates across sectors, as well as a seamless process for claiming benefits. While there is currently ambiguity on the exact outlay given budgetary constraints, the scheme needs to be viewed from the perspective of its potential to revive India’s exports and encourage...
As COVID-19 struck, millers have significantly cut on their demand for raw cotton as consumer interest in apparel fell sharply. But since cotton is a breathable fabric and 100% biodegradable, it serves as a good raw material for masks, which are now becoming a necessity. Also, the shocks experienced due this...
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