A new scheme will be introduced by Govt of India to create infrastructure for exports, a move aimed at reducing transaction costs for traders.
A new and restructured central scheme with a focus on export infrastructure namely Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18.
Indian exporters face huge challenges in terms of infrastructure, particularly in states. Inadequate infrastructure pushes their transactions costs, impacting competitiveness of Indian goods in the global markets.
Exporters body Federation of Indian Export Organisations (FIEO) said the scheme will help create modern infrastructure like last mile connectivity to ports, testing labs and certification centres. So, let’s discuss some questions related to this post:
Q1. A new scheme will be introduced by Govt of India to create infrastructure for exports, a move aimed at reducing transaction costs for traders named TIES, what is the full form of TIES?
Ans1. Trade Infrastructure for Export Scheme
Source- The Economics Times