New Delhi, July 23 (IANS) The government on Thursday allowed foreign direct investment (FDI) in the inventory-based model of e-commerce exclusively for exports, a move aimed at boosting outbound shipments of Indian-made products by providing domestic sellers easier access to global markets without affecting the interests of small retailers.The Department for Promotion of Industry and Internal Trade (DPIIT), in a Press Note, said it has reviewed the existing FDI policy to facilitate greater expor…
Latest Foreign Trade Policy News & Updates
New Delhi, July 14 (IANS) India has amended its Foreign Trade Policy (FTP), 2023 to prohibit the import of goods produced or manufactured using forced labour, strengthening its trade policy framework and aligning domestic regulations with internationally recognised labour standards.The Directorate General of Foreign Trade (DGFT) issued a notification inserting a new provision — Paragraph 2.20B — into the FTP, empowering the Central Government to prohibit the import of goods found to have been …
New Delhi, April 17 (IANS) In pursuance of the government’s commitment to Ease of Doing Business and trade facilitation for exporters, the Ministry of Commerce and Industry has undertaken a series of targeted reforms to strengthen the functioning of Norms Committees under the Directorate General of Foreign Trade (DGFT) to improve turnaround time, enable early approvals, and enhance transparency and predictability under the Advance Authorisation Scheme, as per an official statement issued on Fr…
New Delhi, March 24 (IANS) India’s trade performance has remained robust and resilient, with exports recording a steady upward trajectory both in the current financial year and over the longer term (FY 2021–25) despite the global uncertainty, the Parliament was informed on Tuesday.Despite persistent supply chain disruptions due to geopolitical tensions and volatile commodity prices, India’s exports have continued to expand in a broad-based manner. During April–January of FY 2025–26, to…
New Delhi, March 7 (IANS) The government on Saturday extended the deadline for fulfilling export obligations under certain export promotion schemes to August 31, 2026, to help exporters facing disruptions in global trade and shipping routes.The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, announced the decision through a public notice.The move comes amid ongoing geopolitical developments that are affecting global shipping routes, logistics corridors a…