India's Foreign Trade Policy (FTP) 2023
The Foreign Trade Policy 2023, notified by the Ministry of Commerce and Industry effective April 1, 2023, provides the overarching framework for India's export promotion. Unlike earlier fixed-term policies (such as FTP 2015-20), FTP 2023 is a living document with no fixed end date, allowing for continuous updates in response to global trade conditions. It is built on four pillars: Incentive to Remission, Export Promotion through Collaboration, Ease of Doing Business, and Emerging Areas.
- Advance Authorisation Scheme: duty-free imports of inputs for manufacturing export items.
- EPCG (Export Promotion Capital Goods) Scheme: duty concessions on capital goods imports against export obligations.
- E-commerce export consignment limit raised from ₹5 lakh to ₹10 lakh.
- An Amnesty Scheme was introduced for clearing export obligation defaults.
- Policy administered through the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry.
● Tracked since May 06, 2026 · last seen June 25, 2026 · updates as the daily brief publishes
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