The Minister announced that he would to release a Compendium on Foreign Direct Investment (FDI) Guidelines on the occasion of the announcement of the Annual Supplement to the FTP, in order to underscore the mutual supportiveness of Trade and Investment, consistent with the government's integrated approach to the promotion of trade.
The discussions focussed on suggestions made by the five Working Groups and four Study Groups under the Board of Trade as well as inputs received from exporters, covering issues such as continuation of the Duty Entitlement Pass Book (DEPB) Scheme and its replacement scheme; easier access to capital goods for export production under the Export Promotion Capital Goods (EPCG) Scheme and sensitizing the State Governments to ensure an export-friendly policy environment at the state level.
Earlier, elaborating on the foreign trade data, he indicated that “non-oil imports showed a similar growth rate to reach 87 billion dollars. Oil imports amounted to 40 billion dollars. While total imports were thus 127 billion dollars, it is significant that exports have exceeded non-oil imports by 2 billion dollars”.
Press Information Bureau Government of India
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