DGFT Simplifies Export Promotion Capital Goods Scheme for Enhanced Business Efficiency.

National

The Directorate General of Foreign Trade (DGFT) has announced a simplification of the Export Promotion Capital Goods (EPCG) Scheme to improve the ease of doing business in India. The revised procedures aim to streamline the process for importing capital goods used in export production, making it more efficient and less cumbersome for businesses. This initiative is expected to reduce bureaucratic hurdles and expedite the approval process, thereby encouraging more firms to invest in advanced machinery and technology. The move aligns with the government’s broader objective of enhancing India’s business environment and boosting economic growth.


      Simplified procedures aim to reduce delays and costs associated with importing capital goods for export production.

      The changes are expected to attract more investments in advanced technology, enhancing overall industrial productivity.

     

 

     


About DGFT,

Established : 1991
Headquarters: New Delhi
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