Pre-cum-Mains GS Foundation Program for UPSC 2026 | Starting from 5th Dec. 2024 Click Here for more information
Source: The post is based on the article “Trade Infrastructure for Export Scheme (TIES) being implemented for creation of appropriate infrastructure for the growth of exports” published in the PIB on 15th March 2023.
What is the News?
The Department of Commerce is implementing the Trade Infrastructure for Export Scheme (TIES) since 2017-18.
About Trade Infrastructure for Export Scheme (TIES)
Under the scheme, the Centre will provide funds for setting up or up-grading export infrastructure in States/UTs.
Aim: To assist Central and State Government agencies in creating appropriate infrastructure for the growth of exports.
Launched by: Ministry of Commerce and Industry
Need: The Centre has delinked Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme in 2015. Ever since that, the State Governments had been requesting the support of the Centre in the creation of export infrastructure.
Scope: The scheme can be availed by States through their implementing agencies, for infrastructure projects with significant export linkages. These include Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres, etc.
Funding pattern: Under the scheme, financial assistance in the form of grants-in-aid is provided to Central/State Government owned agencies (or their Joint Ventures with major stake-holding by them).
Performance: Financial assistance for a total of 40 export infrastructure projects has been approved since its implementation.
Discover more from Free UPSC IAS Preparation For Aspirants
Subscribe to get the latest posts sent to your email.
