Article Title: Trade Infrastructure for Export Scheme
17-03-2023
Economy Prelims Plus
Why is in news? Trade Infrastructure for Export Scheme (TIES) being implemented for creation of appropriate infrastructure for the growth of exports
The Union Ministry of Commerce and Industry launched the Trade Infrastructure for Export Scheme (TIES) in 2017.
The Department of Commerce is implementing the Trade Infrastructure for Export Scheme (TIES) to assist Central and State Government agencies in creating appropriate infrastructure for the growth of exports.
After delinking the Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme in 2015, the State Governments had been consistently requesting the support of the Centre in creation of export infrastructure.
The scheme can be availed by States through their implementing agencies, for infrastructure projects with significant export linkages like Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres, export warehousing and packaging, SEZs and ports/airports cargo terminuses.
The Central Government assistance for infrastructure creation will be in the form of grant-in-aid, normally not more than the equity being put in by the implementing agency or 50% of the total equity in the project.
In the case of projects located in North Eastern States, Himalayan States including UT of J&K, Ladakh this grant can be up to 80% of total equity.
Financial assistance for a total of 40 export infrastructure projects has been approved since its implementation.
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