India’s Exim policy

India’s Exim policy is mainly the Export import policy , it is set of guidelines issued by the Director
General of Foreign Trade (DGFT)for export and import process of India. Director General of Foreign
Trade is the main governing body of the Exports and Imports in India. It is administered by Ministry of
Commerce and industry at central level. The exim policy is updated every year on 31 st March and its
rules and modifications become effective on 1st April. The objective of policy is to facilitate sustainable
growth of exports from India and Imports in the country. In other words, EXIM Bank acts as an
intermediary between exporters, lenders, and buyers to provide loan guarantees that boost
lender confidence. The existing foreign trade policy 2015-20 which is valid up to March 31 this
year is extended up to March 31, 2021