With an aim to promote exports, Commerce and Industry Minister Suresh Prabhu has said that the mid-term review of the foreign trade policy (FTP) will be released soon. He added that the commerce ministry is working on country specific strategy to boost India's trade.
Prabhu also said that India’s economic growth would get boost with promotion of international trade. He said ‘we would like to increase our exports but also would not discourage imports. We will like to have an international trade as a thrust for developing India’s GDP and economy’. He added that the ministry is also helping exporters in resolution of issues related with the Goods and Services Tax (GST).
The five-year foreign trade policy (2015-20) provides a framework for boosting exports of goods and services besides creation of employment and increasing value addition. On the redevelopment plan of the Pragati Maidan as an International Exhibition-cum- Convention Centre, the minister said within two years, a world-class facility will be developed for convention and exhibitions.
