Foreign Trade Policy 2015-20
- FTP aims to increase India’s exports to US$900 billion by 2019-20.
Merchandise Export from India Scheme (MEIS) –
• Earlier export promotion schemes have been merged into MEIS.
• Notified goods exported to notified markets will be incentivized.
• Countries have been grouped into 3 categories for grant of incentives – Traditional Markets, Emerging and Focus markets and Other Markets
Service Export From India Scheme (SEIS) –
• The SEIS applies to ‘service providers located in India’ instead of ‘Indian service providers’.
• Provides for incentives to all service providers of notified services who are providing services from India
• The rates of incentivization under the SEIS are based on net foreign exchange earned.
Video lecture on foreign trade policy
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