Foreign Trade Policy 2015-2020 Extended by Six More Months to 31 Mar 2023 from 30 Sep 2022

· Policy Postponed by erstwhile DGFT Amit Yadav

· It is rumoured that in absence of a fresh incentive, there was to be nothing new in policy

· EPCG Withdrawl also Rumoured

· Volatility in world market and policy volatility not to the taste of exporters, apparently delegation meet PM Modi. Complained that announcement made in a hurry to implement Boston Consulting Group recco with little consultation with trade

The government has received requests from Export Promotion Councils and leading exporters that we should continue with current Foreign Trade Policy (2015-20), which had been extended from time to time.

In recent days, exporters and industry bodies have strongly urged the government that in view of the prevailing, volatile global economic and geo-political situation, it would be advisable to extend the current policy for some time, and undertake more consultations before coming out with the new policy.

The government has always involved all stakeholders in formulating policy. In view of this, it has been decided to extend the Foreign Trade Policy 2015-20, valid till Sept 30, 2022 for a further period of six months, w.e.f. October 1^st., 2022.