Amid the ongoing global economic slowdown, the new foreign trade policy will boost the Make In India initiative by making our country’s trade more competitive.
Additionally, the outlined focus on export promotion through collaboration with exporters, states, and districts would further open up global markets for small Indian businesses to scale, thus changing the fate of Made in India products and creating a more substantial base for MSMEs. The new foreign trade policy represents a humongous growth opportunity for businesses in India to aspire and tap into rising e-commerce markets, manufacture on demand, and plug themselves into global supply chains to create stronger export businesses.
The New Foreign Trade Policy will be another stepping stone toward Digital India, resulting in a defining decade for merchandise exports from our country. The newly introduced policy is also dynamic and responsive to the ever-changing Indian trade scenario that will continue to update as and when necessary. “
Sachin Agrawal, Co-founder, and CEO, Bizongo
