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Export promotion has been one of the central pillars of India’s foreign trade policy, as the government recognizes the crucial role that exports play in earning foreign exchange, improving the balance of payments, stimulating economic growth, and generating employment. Over the years, the Government of India has undertaken a series of export promotion measures aimed at strengthening the competitiveness of Indian goods and services in international markets, diversifying the export basket, and expanding the country’s global market share. These initiatives have been multi-pronged, focusing on fiscal incentives, institutional support, technological upgradation, market access facilitation, and trade infrastructure development. Together, they have addressed critical challenges in the export ecosystem such as high transaction costs, inadequate credit availability, quality compliance, and limited international visibility of Indian products. One of the earliest and most important measures taken was the introduction of Export Promotion Councils (EPCs) and Commodity Boards, which serve as nodal agencies for promoting specific products and services in global markets. These councils assist exporters by disseminating market intelligence, organizing trade fairs and buyer-seller meets, and liaising with government authorities to resolve trade-related issues. Complementing this effort has been the establishment of Special Economic Zones (SEZs) and Export Oriented Units (EOUs), which provide a duty-free and business-friendly environment for manufacturing goods exclusively for export. SEZs offer several incentives such as exemption from customs duties, excise duties, and income tax for a specified period, as well as relaxed labor and environmental regulations, thereby reducing the cost of production and encouraging export-oriented investment. Fiscal and tax incentives form another major pillar of India’s export promotion framework. The government has introduced schemes such as the Duty Drawback Scheme, which refunds __________ _______ ____ _____ _________.
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