Related Keywords: announced a slew of new measures, boost trade facilitation, ease of doing business, FTP 2015-20, Indian government, leverage long term advantages of GST, mid-term review of Foreign Trade Policy, terms of reduced compliance and logistic costs, Union Commerce and Industry Minister
The Indian government in its mid-term review of Foreign Trade Policy (FTP) 2015-20 has announced a slew of new measures will be boost trade facilitation and ease of doing business. Union Commerce and Industry Minister Suresh Prabhu said that mid-term review of FTP will leverage the long term advantages of GST in terms of reduced compliance and logistics costs.
Also the MEIS incentives for two sub-sectors of textiles - ready-made garments and made-ups - have already been increased to 4 per cent from 2 percent, with an additional annual incentive of Rs 2,743 crore.
