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Foreign Trade Policy Review: Interaction with Commerce and Industry Minister

Blog: NASSCOM Official Blog

The Directorate General of Foreign Trade (DGFT) is reviewing the Foreign Trade Policy (2015-2020), with the objective of formulating a new Foreign Trade Policy (FTP) which will come into effect once the current FTP (2015-2020) expires in March 2021. Based on member inputs, NASSCOM had submitted its comments to DGFT on the ongoing FTP review (here).

As part of the consultation process, an interaction was organized with the Minister of Commerce and Industry, Shri Piyush Goyal. The Commerce Secretary, Shri Anup Wadhawan and senior officials from the DGFT were also present. Representatives of various industry associations, including NASSCOM, participated in the discussion. During the interaction, NASSCOM made the following specific suggestions:

Details of the benefits to be provided for e-commerce exports should be decided by the government by holding consultations with the industry

The Minister acknowledged this and asked DGFT officials to take this forward with NASSCOM and address all concerns regarding SEZs.

Services Export Incentive Scheme (SEIS): Since inception, SEIS has provided huge fillip and much needed support to the service industry. However, with growing competition from countries like China, Philippines etc., the continuation of SEIS is seen as a critical factor for Indian exporters to retain their competitive advantage. Therefore, considering the significance of the benefits from SEIS scheme, this scheme should be continued under the new FTP. Moreover, currently STPI units cannot avail of SEIS benefits, which has put them in a significantly non-competitive position as compared to units in SEZs and domestic tariff area.

Accordingly, NASSCOM has suggested for the revision of FTP to extend SEIS benefits to the new FTP as well as include STPI units within the benefits of SEIS.

A few other points were highlighted by the Minister, regarding the vision for a revised trade policy in India and giving an insight into what the Ministry of Commerce and Industry may consider for the new FTP:


Details of the complete submission made by NASSCOM to the DGFT for revision of the FTP can be found here. For more information, please write to

The post Foreign Trade Policy Review: Interaction with Commerce and Industry Minister appeared first on NASSCOM Community |The Official Community of Indian IT Industry.

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