Products and markets supported under MEIS Scheme as per foreign trade policy 2015-20

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What are the products supported under MEIS Scheme under foreign trade policy 2015-20?

This post explains about the products and markets supported under MEIS scheme, Merchandise Exports from India Scheme as per Foreign Trade Policy 2015-20. 

Import Export Policy 2015-20 bProducts supported under MEIS Merchandise Exports from India Scheme

Higher rewards have been granted under MEIS, Merchandise Exports from India Scheme to the categories of Agricultural and Village industry products presently covered under VKGUY, Value added and packaged products, Eco-friendly and green products that create wealth out of waste from agricultural and other waste products that generate additional income for the farmers, while improving the environment, Labor intensive Products with large employment potential and Products with large number of producers and /or exporters, Industrial Products from potential winning sectors and Hi-tech products with high export earning potential.

Markets Supported to MEIS scheme under Foreign Trade Policy 2015-20

Most Agricultural products supported across the Globe and Industrial and other products supported in Traditional and/or Emerging markets are supported to MEIS, Merchandise Exports from India Scheme.

According to new foreign trade policy 2015-20, high potential products were not supported under Foreign Trade Policy 2009-14. Support to 852 Tariff lines that fit in the product criteria but not provided support in the earlier Foreign Trade Policy 20014-19. MEIS, Merchandise Exports from India Scheme includes lines from Fruits, Vegetables, Dairy products, Oils meals, Ayush & Herbal Products, Paper, Paper Board Products.

As per MEIS (Merchandise Exports from India Scheme)scheme under FTP 2015-2020, Global support has been granted to the categories of Fruits, Flowers, vegetables, Tea Coffee, Spices, Cereals preparation, shellac, Essential oils, Processed foods, Eco Friendly products that add value to waste, Marine Products, Handloom, Coir, Jute, products and Technical Textiles, Carpets Handmade. Other Textile and Readymade garments have been supported for European Union, USA, Canada and Japan, under MEIS (Merchandise Exports from India Scheme) scheme. Under MEIS scheme under foreign trade policy of India 2015-20, Handicraft, Sports Goods, Furniture, wood articles etc. are also supported.

As per MEIS scheme under foreign trade policy of India 2015-20, supports to major markets have been given to the categories of Pharmaceuticals, Herbals, Surgical, Industrial Machinery, IC Engine, Machine tools, Parts, Auto Components/Parts, Hand Tools, Pumps of All Types, Automobiles, Two wheelers, Bicycles, Ships, Planes, Chemicals, Plastics, Rubber, Ceramic and Glass, Leather garments, saddler items, footwear, Steel furniture, Prefabs, Lighters, Wood , Paper, Stationary, iron, steel and base metals products.

Other sectors supported under MEIS, Merchandise Exports from India Scheme of Foreign Trade Policy 2015-20 are 352 Defence related Product with export of US$ 17.7B consisting of Core Products (20), Dual Use products (60) and General Purpose products (272).

MEIS schemes supports 283 Pharmaceutical products of Bulk Drugs & Drug Intermediates, Drug Formulations Biologicals, Herbal, Surgicals, and Vaccines, 96 lines of Environment related Goods, Machinery, Equipment’s, 49 lines where mandatory BIS standards are prescribed and 7 lines of Technical Textiles.

As per Merchandise Exports from India Scheme, participation in global value chain of the items also falls. So, 1725 lines of Intermediate Goods become inputs in the manufacturing of other countries and will strengthen backward manufacturing linkages which are vital for India’s participation in Global Value Chains. Government also hope 1109 lines of Capital Goods sector will also strengthen Manufacturing Base in India with 1730 lines of Consumer Goods sector in turn a quantum jump in export from this sector with strengthening of Make in India Brand in near future.

Under MEIS scheme, government expects growth in technology based analysis by boosting 572 lines-Low skill Technology-intensive manufacturing, 1010 lines-Medium skill Technology-intensive manufacturing and 1309 lines-High Skill Technology-intensive manufacturing.

This post explained about the products and markets supported under MEIS scheme, Merchandise Exports from India Scheme as per Foreign Trade Policy 2015-20.   If you wish to express your views about this subject about markets and products covered under MEIS scheme under FTP 2015-20, write below.

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Also read:SEIS Scheme under Foreign Trade Policy 2015-2020

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Comments


Sheetal: hello, We would like to know about MEIS on following products peanut in Shell peanut Kernels dry coconut(Copra) Please response asap

Pinku Raja : I want to export my hard goods and handicrafts products and also know how to find trusted buyer.

HARI PRASAD REDDY: We are in to manufacture and export of Random Granite Slabs. Is this product is covered in the list to claim benefits of MEIS scheme. Kindly clarify and do the needful. Thanks & Regards, Hari Prasad Reddy

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