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Export Promotion Scheme
Export Promotion Scheme - under FTP 2015 – 20:
Exports are regarded as an initiator of economic growth in the wake of liberalization and structural reforms in the economy. In current times India is witnessing a slowdown in exports with its traditional partners. Under these situations, we need to set in motion strategies and policy measures which enable growth of exports in several different sectors as well as in newer markets. The export promotion schemes are devised by the Ministry of Commerce keeping focus to develop certain sectors/products or to reimburse the high cost of freight for exports to certain market.
How Interlink Capital helps you to identify and avail the Export Promotion scheme:
Interlink Capital helps you to identify the benefits of export promotion scheme
under Exim policy and also assists you in complying requirements for availing these scheme. The benefits of these schemes are granted subject to certain conditions and submission of various prescribed documents. We assist clients to understand these conditions and help prepare the correct set of documents which will entitle them to the benefit. We also help clients to prepare the applications, submissions, liaison with the authorities so as to get these benefits liquidated.
In Market Access Initiative - MAI Scheme, financial assistance is provided for export promotion activities on focus country, focus product basis to EPCs, Industry & Trade Associations, State Government Agencies and Indian Commercial Missions abroad to do market surveys, publicity campaigns, participate in International Trade Fairs, set showrooms/ warehouses etc.
In Marketing Development Assistance - MDA Scheme, financial assistance is provided by MOC through EPCs and trade promotion organizations to exporters having an annual export turnover up to Rs. 30 Cr to participate in trade fairs, buyer-seller meets abroad or in India, export promotion seminars in form of travel grants to travel to focus areas.
Upon achieving set export performance, status recognition as a one-star export house to five-star export house is accorded to the eligible applicants as per their export performance for export promotion scheme. These Status Holders are then eligible for various non-fiscal privileges as prescribed in the Foreign Trade Policy.
Related Export promotion scheme Services in details: