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The Government vide Press Release dated 17 March 2021 has launched the Trade Infrastructure for Export Scheme (TIES) w.e.f F.Y. 2017-18 to assist the Central and State Government agencies for creation of appropriate infrastructure for growth of exports from the States. The Scheme provides financial assistance in the form of grant-in-aid to Central/State Government agencies for setting up or for up-gradation of export infrastructure.
TIES can be availed by the States through their implementing agencies, for infrastructure projects with significant export linkages like Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres, export warehousing and packaging, SEZs and ports/airports cargo terminuses. The Scheme guidelines can be accessed at http://commerce.gov.in.
Under this scheme, financial assistance for a total of 44 export infrastructure projects has been approved for the F.Y. 2017-18, 2018-19, 2019-20 and 2020-21. Further, promotion of Districts as Export Hubs is being coordinated by the DGFT in collaboration with Department of Promotion of Industry and Internal Trade. This initiative has been undertaken to target export promotion, manufacturing and employment generation by making the States and the Districts oriented towards export growth.
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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