New Delhi: Following are the highlights of the Foreign Trade Policy 2015-20:
* Increase exports to USD 900 billion by 2019-20, from USD 466 billion in 2013-14
* Raise India's share in world exports from 2 percent to 3.5 percent
* Merchandise Export from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) launched
* Higher level of rewards under MEIS for export items with High domestic content and value addition
* Chapter-3 incentives extended to units located in SEZs
* Export obligation under EPCG scheme reduced to 75% to Promote domestic capital goods manufacturing
* FTP to be aligned to Make in India, Digital India and Skills India initiatives.
* Duty credit scrips made freely transferable and usable For payment of custom duty, excise duty and service tax.
* Export promotion mission to take on board state Governments
* Unlike annual reviews, FTP will be reviewed after two-and-Half years
* Higher level of support for export of defence, farm Produce and eco-friendly products.
