Describe some of the important export promotion measures initiated by the Government of India to boost the national export effort.

India's foreign trade plays a crucial role in its economic growth and development. Export promotion measures are essential to enhance the competitiveness of Indian products in the global market and to increase the country's share in international trade. Over the years, the Government of India has implemented various policies and initiatives to facilitate and promote exports across different sectors. This essay will delve into some of the significant export promotion measures initiated by the Indian government to bolster the national export effort.

1. Export Promotion Capital Goods (EPCG) Scheme:

The Export Promotion Capital Goods (EPCG) Scheme is one of the key initiatives introduced by the Government of India to promote exports. Under this scheme, exporters are allowed to import capital goods at concessional rates for the enhancement of their production quality and competitiveness. The duty-free import of capital goods enables exporters to upgrade their technology and infrastructure, thereby improving their export capabilities. This scheme has been particularly beneficial for sectors such as engineering, textiles, chemicals, and electronics.

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