Initiatives for Export Promotion

Context (PIB): GoI has taken various initiatives for the promotion of exports.

PM GATI Shakti

PM Gati Shakti (National Master Plan for Multi-modal Connectivity) is a digital platform that brings 16 Ministries together for integrated planning and coordinated implementation of infrastructure connectivity projects.
It will incorporate the infrastructure schemes of various Ministries and State Governments like Bharatmala, Sagarmala, inland waterways, dry/land ports, UDAN, etc.
Economic clusters will be covered to improve connectivity & make Indian businesses more competitive.
It will also leverage technology extensively, including spatial planning tools with ISRO imagery developed by BiSAG-N (Bhaskaracharya National Institute for Space Applications and Geoinformatics).

The PLI Scheme is a policy to promote domestic manufacturing to enhance India’s self-reliance and global competitiveness.
The scheme provides financial incentives to eligible companies based on their incremental sales of products manufactured in India over a base year.
The scheme covers 13 key sectors, including electronics, automobiles, pharmaceuticals, textiles, food processing, telecom, solar PV modules and white goods.
The scheme has a total budgetary outlay of Rs 1.97 lakh crore for a period of five years.

The ODOP Program is a project operating under the Department for Promotion of Industry and Internal Trade (DPIIT), which falls under the Ministry of Commerce and Industry.
The program identifies distinctive and culturally significant products from each district, encompassing handicrafts, handloom, and agricultural goods.
The idea is to select, brand, and promote One Product from each District of the country.
It is a CSS shared by the central government and states in 60:40 contributions.
It is operationally merged with the ‘Districts as Export Hub’ initiative.
States will identify the ODOP food product for a district.

It came into effect on 1^st April 2023.
It focuses on taking forward the Districts as Export Hubs (DEH) initiative to promote exports at the district level.
It provides a roadmap for establishing e-commerce hubs and related elements such as payment reconciliation, bookkeeping, returns policy, and export entitlements.
It provides for an Amnesty Scheme for exporters as those unable to meet their obligations under EPCG (Export Promotion Credit Guarantee) and Advance Authorizations can be regularised on payment of all customs duties exempted.

Also called the Export Credit Insurance Scheme (ECIS), it aims at enhancing loan availability and easing the lending process to the exporters.
It provides 90% coverage of the principal and interest of the loan, for both pre- and post-shipment credit.
It also subsidizes the premium to be paid by exporters of certain key sectors.
Enhanced insurance cover will ensure that Foreign and Rupee export credit interest rates will be low for exporters.

It aims to develop a technologically enabled, integrated, cost-efficient, resilient, sustainable, and trusted logistics ecosystem for accelerated and inclusive growth.
4 Features:
1. Integration of Digital System (IDS): Under it, 30 different systems of 7 departments are integrated – including data from the road transport, railways, customs, aviation, and commerce departments.
2. Unified Logistics Interface Platform (ULIP): It will bring all the digital services related to the transportation sector into a single portal, freeing the exporters from a host of cumbersome processes.
3. Ease of Logistics: It is a digital portal for industry associations to directly take up matters with government agencies regarding issues in their operations and performance.
4. System Improvement Group (SIG): It will monitor all logistics-related projects regularly.
Key action areas for policy implementation: Integrated Digital Logistics Systems, Standardization of physical assets and benchmarking of service quality standards, EXIM Logistics, Logistics Parks etc.

It is aimed at the development of futuristic industrial cities that can compete with the best manufacturing and investment destinations in the world.
It is developed as part of the PM Gati Shakti – National Master Plan.
Objective: To provide plug-and-play infrastructural facilities for setting up large-scale manufacturing.
Each Industrial Corridor is envisaged to be implemented by a Special Purpose Vehicle (SPV) in the form of a company set up under the Companies Act, 2013 as a joint venture between the central and state governments.
Implementing Agency: The National Industrial Corridor Development Corporation Limited (NICDC).
Monitoring and Review Mechanism: by National Industrial Corridor Development and Implementation Trust (NICDIT).
State governments contribute by providing land as their share of equity in the programme.
The NICP envisages the development of 11 industrial corridors in four phases.

It is a flagship initiative of GoI announced in 2016 to build a strong ecosystem for fostering entrepreneurship, nurturing innovation, driving sustainable economic growth and generating large-scale employment opportunities.
Objective: To make India a nation of ‘job creators’ rather than job seekers.
It is based on the following 3 pillars:
1. Simplification and Handholding through faster exits.
2. Funding Support and Incentives through credit guarantee fund, tax exemptions on Capital Gains and income-tax.
3. Industry-Academia Partnership and Incubation through Building Innovation Centres, Technology Business Incubators (TBIs), and Research Parks in National institutes and in private sector.