Trade Infrastructure for Export Scheme (TIES), Creating Infrastructure for Exports Growth
Trade Infrastructure for Export Scheme (TIES): It is a government scheme to assist Central and State Government agencies in creating appropriate infrastructure for the growth of exports. Trade Infrastructure for Export Scheme (TIES) is important for UPSC Prelims 2023 and UPSC Mains Exam (GS Paper 3- Facilitating and Promoting India’s Exports).
Recently, the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in reply to a parliamentary question, informed about various aspects of the Trade Infrastructure for Export Scheme (TIES).
The Trade Infrastructure for Export Scheme (TIES) is a Government of India initiative that aims to enhance the export competitiveness of India’s goods and services by developing and improving trade-related infrastructure and facilities.
The Trade Infrastructure for Export Scheme (TIES) scheme provides funding for various types of infrastructure projects such as:
The TIES scheme aims to promote export-led growth by improving the infrastructure that supports India’s export sector. It also aims to boost employment and economic development in the country by creating new job opportunities in the export sector.
A: The Trade Infrastructure for Export Scheme (TIES) is a program launched by the Government of India to provide financial assistance for creating and upgrading export-related infrastructure in the country.
A: The primary objective of the TIES scheme is to enhance export competitiveness by bridging the gaps in infrastructure, which could include areas such as transportation, storage, cold storage, quality testing and certification, trade-related infrastructure for trade promotion, and last-mile connectivity.
A: Any central or state agency, including Export Promotion Councils (EPCs), Commodities Boards, SEZ authorities, and apex trade bodies, can apply for financial assistance under the TIES scheme. Private sector entities such as individual firms and companies are not eligible to apply.
A: The TIES scheme provides funding for a range of export-related infrastructure projects, including setting up of common effluent treatment plants, cold chains, trade promotion centres, quality testing and certification labs, and last-mile connectivity projects.
A: The maximum amount of funding available for a single project under the TIES scheme is Rs. 20 crores. However, the actual amount of funding will depend on the nature of the project, its scope, and the extent of financial assistance required.
A: Interested applicants can submit their proposals through an online portal hosted by the Ministry of Commerce and Industry. The proposals will be evaluated by a committee of experts, and funding will be provided to the selected projects based on their eligibility and merit.
Highest Ever Defence Export from India
The Trade Infrastructure for Export Scheme (TIES) is a program launched by the Government of India to provide financial assistance for creating and upgrading export-related infrastructure in the country.
The primary objective of the TIES scheme is to enhance export competitiveness by bridging the gaps in infrastructure, which could include areas such as transportation, storage, cold storage, quality testing and certification, trade-related infrastructure for trade promotion, and last-mile connectivity.
Any central or state agency, including Export Promotion Councils (EPCs), Commodities Boards, SEZ authorities, and apex trade bodies, can apply for financial assistance under the TIES scheme. Private sector entities such as individual firms and companies are not eligible to apply.
The TIES scheme provides funding for a range of export-related infrastructure projects, including setting up of common effluent treatment plants, cold chains, trade promotion centres, quality testing and certification labs, and last-mile connectivity projects.
The maximum amount of funding available for a single project under the TIES scheme is Rs. 20 crores. However, the actual amount of funding will depend on the nature of the project, its scope, and the extent of financial assistance required.
Interested applicants can submit their proposals through an online portal hosted by the Ministry of Commerce and Industry. The proposals will be evaluated by a committee of experts, and funding will be provided to the selected projects based on their eligibility and merit.
UPSC Mains Syllabus is a crucial part of the Civil Services examination because it covers…
The UKPSC Admit Card 2024 has been declared by Uttarakhand Public Service Commission (UKPSC) on the official…
Being an IAS officer involves significant responsibility, accompanied by a favorable salary package. IAS officers…
The highly reputed exam of India "UPSC" is conducted every year to recruit for the…
The Uttar Pradesh Public Service Commission (UPPSC) conducts the UPPSC Exam annually. UPPSC Salary 2024…
Jharkhand Judiciary Prelims Result 2024 Out: The High Court of Jharkhand has released the Jharkhand…