Commerce Ministry Pushes for Extended RoDTEP Scheme, Higher Budget

The Commerce Department has appealed to the expenditure division to substantially increase support for the RoDTEP scheme, a key export incentive programme designed to boost India's shipments abroad. The request includes doubling the financial outlay for the coming fiscal year to Rs 23,000 crore from the previously budgeted Rs 10,000 crore, signaling the government's intent to ramp up export promotion efforts.

The RoDTEP scheme, which provides rebates on duties and taxes paid on exported goods, has emerged as a critical tool in India's export competitiveness strategy. By extending the programme's tenure and expanding its budget, the Commerce Department aims to provide more consistent support to exporters and strengthen India's position in global markets.

The timing of this request reflects ongoing efforts by Indian policymakers to sustain export growth amid global economic uncertainties. The substantial funding increase underscores the ministry's assessment that current levels of support are insufficient to meet the objectives of boosting export volumes and diversifying India's trade base.

A decision on the five-year extension and revised budget allocation is pending with the expenditure department, which must balance multiple sectoral demands within the broader fiscal framework. The outcome will signal the government's commitment to maintaining export-oriented policies as a cornerstone of its economic strategy.