On March 15, the Commerce and Industry Minister Smt. Nirmala Sitharaman launched the Trade Infrastructure for Export Scheme (TIES). The objective of the scheme is to enhance export competitiveness by bridging gaps in export infrastructure, creating focused export infrastructure, first mile and last mile connectivity for export-oriented projects and addressing quality and certification measures. 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.
Speaking at the launch function she said the Scheme is focussed on addressing the needs of the exporters. “The focus is not just to create infrastructure but to make sure it is professionally run and sustained,” she emphasised. The Minister added that there would be an Empowered Committee to periodically review the progress of the approved projects in the Scheme and will take necessary steps to ensure achievement of the objectives of the Scheme. The proposals of the implementing agencies for funding will be considered by an inter ministerial Empowered Committee specially constituted for this Scheme to be chaired by the Commerce Secretary.
Welcoming the TIES Scheme Mr SC Ralhan, President FIEO observed that inadequate infrastructure pushes exporters transaction cost, impacting competitiveness of Indian goods in the global market. The logistics cost in India is one of the highest in the world, he added. FIEO Chief stated that the new scheme would help create modern infrastructure like last mile connectivity to ports, besides testing labs and certification centers.