Trade Infrastructure Export Scheme
Trade Infrastructure Export Scheme or TIES in short is a new scheme which has been launched to boost exports in India. This scheme was introduced by the Commerce and Industry Minister of India and the sole purpose of this scheme is to provide help in creating an export infrastructure in India. This new scheme will meet the demands of a lot of states as this scheme will work as a central scheme providing necessary help to boost the export infrastructure of these states. Not only will this scheme boost the exports of the states of India, but also this scheme will be able to strengthen the bond between the Central Government and the State Government.
Features of TIES
- TIES will be providing financial support to the states. This financial support will be very useful as the states will be able to take their exports to a new level using this support.
- This scheme will increase the efforts of the states of India so that they are able to boost exports.
- A consensus would be provided so that TIES can be rolled out properly and this scheme will fund the infrastructure of the exports of the states of India.
Benefits of TIES
TIES would be very useful because it will solve the problem of the states of India. The sole purpose of TIES is to boost the exports of India.
Recently, there has been a slowdown in world economy. This slowdown also caused a lot of problems to India. The traditional exports of India also suffered a loss because of this slowdown in world economy. TIES will ensure that this slow down doesn’t cause a great deal of loss to Indian exports and it will also ensure that the exports are not slowed down permanently. It will also meet the demands of the states of India who has been eagerly longing for a scheme which will fund their export infrastructure.
Earlier the Central Government of India was able to control the trade deficit by controlling the expense of imported products. But the cost of the imported products cannot be controlled for a long time and thus the government will need new trading strategies to boost their exports and thus TIES will play a huge role in boosting the exports of India.
Overall, TIES will be very helpful for India as it will work as a central scheme providing a lot of help for Indian exports.
Special Features of TIES
TIES is a special initiative. This scheme is the first of its type in India and it has some special features which will allow the scheme to roll out properly and fulfill its aim.
It was confirmed by the Commerce Minister of India that the launch of this scheme has been eagerly anticipated by most of the states of India.
The states will be obliged to develop their export strategy by the central government and this is the special feature of TIES. The states have been urged to develop their strategy aligned with the National Policy Trade. This feature will ensure that the states are developing their export strategy correctly under proper authority.
Another special feature of TIES is that it will strengthen the bond between the central government and the state governments. The Central Government will assist the State Government with financial help and other necessary help. The Central Government will also provide assistance if it is necessary which is a unique initiative because this scheme will ensure that the central government is involved in every export strategy and they are managing the overall the overall exports in India.
The export strategy under this scheme will be very important. Apart from this, the scheme will also ensure that more sectors are included in the list of the exported items so that the exported items are able to reach more markets.
The Commerce and Industry Minister of India also asked the states to cooperate with the Centre so that the states are able to set up Testing Labs and Training institutes. These common facilities will be needed to be set up by the states. The state governments will be able to ensure their packaging and storage support under TIES. The states will be able to ensure this facility by working cooperatively with the Central Government. Also the states will be obliged to consider higher allocations for developing their export infrastructure by the government.
The states of India has been longing for such a scheme like TIES and this scheme will meet their demands as it will improve the export infrastructure of India and it will also boost their exports. This scheme will provide funding for export infrastructure in all the states of India. It will also strengthen the bond between the states and the government and overall it will ensure a healthy economic development of India which will not be slowed down by any mishaps.
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