India gets 'Make in India'centric new foreign trade policy
New Delhi, April 02 (ANI): In tandem with Prime Minister Narendra Modi’s ambitious 'Make in India'campaign, Trade Minister Nirmala Sitharaman unveiled a new five-year Foreign Trade Policy in New Delhi. The event was also attended by Trade Secretary Rajeev Kher and other dignitaries. Sitharaman said the policy aims at making India a significant participant in world trade by 2020. India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies. India has not been invited to join pacts such as the US-led 12 country Trans-Pacific Partnership (TPP) and is "not in a position to join," partly because its tariffs are not competitive.
