The presentation gives a brief about the various potential sectors that can possibly bring in more foreign exchange.

1. Indian Forex-Potential Contributors
Submitted by:
Amey Panke(13810009)
Vaibhav Agrawal(13810080)
Vipin Kumar(13810083)

2. Timeline for the Presentation
What is Forex?
Forces contributing to Forex.
India’s Foreign Trade Policy.
Potential contributors to Forex.

3. What is FOREX?

4. Forces in Foreign Exchange
• Tourism
• Trade
• Investment
• Geo-political risks

5. Foreign Policies

6. Merchandise Exports from India
Scheme
• Earlier 5 different schemes
– Focus Product Scheme
– Market Linked Focus Product Scheme
– Focus Market Scheme
– Agri. Infrastructure Incentive Scrip
– VKGUY
• Different kinds of duty scrips.
• Now all schemes merged into a single scheme
• No conditionality attached to the scrips issued
under the scheme.

7. Service Exports from India Scheme
(SEIS)
• Served From India Scheme (SFIS) has been
replaced with Service Exports from India
Scheme (SEIS).
• SEIS shall apply to ‘Service Providers located in
India’ instead of ‘Indian Service Providers’.
• The rate of reward under SEIS would be based
on net foreign exchange earned.

8. Other Incentives
• Chapter -3 Incentives (MEIS & SEIS) to units
located in SEZs also.
• Duty credit scrips to be freely transferable and
usable for payment of custom duty, excise
duty and service tax.
• Specific Export Obligation under EPCG scheme
reduced to 75% from 90% for capital goods
manufacturing industry.

9. Ease of Doing Business
• Online filing of documents/ applications and
Paperless trade in 24x7 environment.
• Online inter-ministerial consultations for
approval of export of SCOMET items, Norms
fixation, Import Authorisations, Export
Authorisation.
• Simplification of procedures/processes,
digitisation and e-governance.

10. Tourism

11. Tourism - Facts

12. • Tourism and hospitality attracted
the second highest FDI (USD3.2
billion) in FY13*
• In the hotel and tourism sector,
100 percent FDI was allowed
through the automatic route.
Tourism – a potential contributor?

13. Tourism – Government Initiatives

14. Remittances
• India has received $34.9 billion in remittances in the first six months of 2014-15
and is likely to surpass the previous year's $69.6 billion by end of the current
fiscal.
• In 2013-14, India had topped the chart of remittance inflows, by receiving a
whopping $69.6 billion, followed by China with $60 billion and the Philippines with
$25 billion.
• India has been favoring cutting cost of sending remittances. In a recent report, the
World Bank too had called for removing impediments to flows of remittances
arguing that it is more stable than other capital flows.

15. IT & ITES

16. India’s Advantage

17. Notable Trends

19. Textile Industry

20. Facts
• India’s textiles sector is one of the mainstays of the national economy. It is also
one of the largest contributing sectors of India’s exports contributing 11 per cent
to the country’s total exports basket.
• The industry realised export earnings worth US$ 41.57 billion in 2013-14.
• The close linkage of the Industry to agriculture and the ancient culture, the
traditions of the country make the Indian textiles sector unique in comparison to
the textiles industry of other countries.

22. Government Initiatives
The Indian government has come up with a number of export promotion policies for the textiles
sector. It has also allowed 100 per cent FDI in the Indian textiles sector under the automatic
route.
Some of initiatives taken by the government to further promote the industry are as under:
• Duty free entitlement to garment exporters for import of trimmings, embellishments and
other specified items increased from 3 per cent to 5 per cent. This initiative is expected to
generate an additional RMG exports estimated at Rs 10,000 crore (US$ 1.61 billion).
• The government has also proposed to extend 24/7 customs clearance facility at 13 airports
and 14 sea ports resulting in faster clearance of import and export cargo.
• The proposal for imposing duty on branded items was dropped providing relief to the
entire value chain.
• The Ministry of Textiles, Government of India plans to enter into an agreement with Flipkart
to provide an online platform to handloom weavers to sell their products.

23. Automobile

24. Automobile - Facts

25. Automobile Export Trends-source SIAM

26. Investments in Automobile Industry

27. Regulations and Policies

28. Thank You