Guwahati: The central government has granted Rs 206 crore to states for export promotion. of exports under the Trade Infrastructure for Export Scheme (TIES) initiative.
With effect from FY 2017-18, the Department of Commerce, Government of India, is administering the Trade Infrastructure for Export Scheme (TIES) with the goal of aiding Central and State Government agencies in the building of sufficient infrastructure for export growth.
The plan provides financial support in the form of grant-in-aid to Central/State Government owned agencies (or their Joint Ventures with a majority share) for the establishment or improvement of export infrastructure in States/UTs.
States can use the scheme through their implementing agencies to fund infrastructure projects with significant export links, such as border haats, land customs stations, quality testing and certification labs, cold chains, trade promotion centres, export warehousing and packaging, SEZs, and ports/airport cargo terminals.
The TIES has granted financial assistance for 27 export infrastructure projects from FY 2019-20 to FY 2022-23 (till July 19, 2022), according to the State Ministry of Commerce and Industry, Anupriya PatelThe entire sum sanctioned is Rs 206.904 crore.
The Scheme's instructions may be accessed at https://commerce.gov.in/trade-promotion/trade-promotion-assistance/.
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