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Trade Infrastructure for Export Scheme (TIES)

Topics Covered:

  1. Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

 

Trade Infrastructure for Export Scheme (TIES)

 

What to study?

For prelims and mains: TIES- key features, challenges faced by exporters and significance and the need for support.

 

Context: The Department of Commerce has approved financial assistance for three trade promotion centres under the ‘Trade Infrastructure for Export Scheme (TIES)’.

These centres are located in Manipur, Tamil Nadu and Madhya Pradesh.

 

About TIES:

  • The scheme replaces a centrally sponsored scheme — Assistance to States for creating Infrastructure for the Development and growth of Exports (ASIDE).
  • The objective of the TIES is to enhance export competitiveness by bridging gaps in export infrastructure, creating focused export infrastructure and first-mile and last-mile connectivity.
  • Eligibility: The Central and State Agencies, including Export Promotion Councils, Commodities Boards, SEZ Authorities and Apex Trade Bodies recognised under the EXIM policy of Government of India; are eligible for financial support under this scheme.
  • The scheme would provide assistance for setting up and up-gradation of infrastructure projects with overwhelming export linkages like the Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres, dry ports, export warehousing and packaging, SEZs and ports/airports cargo terminuses
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