Exim Policy 1997 - 2002

The new 5-year Export and Import for the period 1997-2002 aims at giving a major thrust to acceleration of India's exportsthrough restructuring and revamping of various export promotion schemes and wide ranging measures for simplification and streamling of procedures with a view to making them more transparent and easy to administer.

The policy aims at consolidating the achievement made possible during the preceeding 5-year Exim Policy for 1992-97, while continuing the process of trade reforms and trade liberlisation with a view to achieving higher rate of export growth. The new Exim Policy focused on the need to allow exporters to concentrate on the manufacture and marketing of their products globally in an environment unhindered by discreationary controls and procedural bottlenecks. The policy aims at enabling the industry to enhance its competitiveness in the global markets and to achieve its full potential in the areas of its strength.

Its objectives are : Accelerating the country's transition to a globally oriented vibrant economy in order to derive maximum benefits from expanding global market opportunities, Stimulating sustained economic growth by providing access to essential Raw Materials, Intermediates, Components, Consumables and Capital Goods, derived from augmenting production, Enhancing the technological strength and efficiency of Indian agriculture, industry and services, thereby improving their competitiveness while generating new employment opportunities.

Encouraging the attainment of internationally accepted standards of quality and providing consumers with good quality products at reasonable prices.