Related Keywords: fabric and garment in China, failed to address, foreign trade policy, framework for increasing exports, generation employment, goods and services, increase value addition, Make in India vision, Minister of state for commerce and Industry, Nirmala Sitharaman, specific issues on textile sector, spinning sector, yarn, zero acces entry
The Foreign Trade Policy (FTP) 2015-2020 which was undraped by Minister of State for Commerce & Industry Nirmala Sitharaman on 2nd April ,2015 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the Make in India vision of Prime Minister.
The local chapter of Indian Chamber of Commerce and Industry, welcomed the policy saying, it has bold initiatives and aims to achieve a compound annual growth rate of 11.5 per cent so as to increase the Merchandise and Services Exports.
