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The Centre has come out with Foreign Trade Policy (FTP) 2023 seeking to boost the country's exports amid slowing global trade. The Centre has outlined the vision to take India's goods and services export to $2 trillion by 2030 by shifting from incentives to remission and entitlement-based regime. The FTP 2023 which will come into effect from April 1, 2023. The new FTP identifies four new Towns of Export Excellence (TEE) namely Faridabad, Moradabad, Mirzapur and Varanasi. This is in addition to the already existing 39 TEEs. The value limit for exports through courier service is being increased from Rs 5 lakh to Rs 10 lakh per consignment.
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