CII Applauds Extended RoDTEP Scheme Amid Global Trade Uncertainty

The Confederation of Indian Industry (CII) has welcomed the extension of the RoDTEP Scheme for exporters and the new concessional framework for DTA sales in SEZs, essential enhancements to support MSME exporters facing global trade challenges and to sustain India's export competitiveness during economic turbulence.

The Confederation of Indian Industry (CII) has expressed strong approval for the government's decision to prolong the RoDTEP Scheme for all eligible export products until September 30, 2026. This extension, along with a novel one-time concessional framework for DTA sales by Special Economic Zones (SEZs), comes as a boon for businesses confronting global trade uncertainties.

Chandrajit Banerjee, CII Director General, emphasized the significance of these policies amidst global trade instability and supply chain disruptions. He asserted that MSME exporters are grappling with operational and demand-side challenges, making policy predictability crucial. The continuation of RoDTEP at existing rates is vital for maintaining export competitiveness, especially for industries experiencing cost pressures and fluctuating global demand.

This policy support is not just about sustaining exports; it offers SEZ units relief by permitting limited DTA sales at lower duty rates. The flexibility will help units optimize capacity, maintain liquidity, safeguard jobs, and continue their export focus during a period of dampened external demand. These measures are pivotal as the government confronts disruptions in global trade due to the turmoil in West Asia.

(With inputs from agencies.)