The Central Government is going to introduce the much-anticipated Foreign Trade Policy today, on March 31^st, 2023, after extending the length of the current Foreign Trade Policy (FTP) by 3 years. The present policy concentrated on incentive-driven programmes, while the new policy is anticipated to use non-fiscal actions to boost Indian exporters’ competitiveness. The development of districts as export hubs, the promotion of e-commerce, and ease of doing business would be prioritised in this. The current policy is in effect until March 31st. A blueprint for India’s long-term international trade strategy, Foreign Trade Policy is an overarching policy plan for encouraging exports of commodities and services. There will also be a presentation of a plan for achieving the goal of $2 trillion in goods and service exports. Those with knowledge of the situation informed Business Standard that while the Foreign Trade Policy formerly had a five-year strategy to promote exports of commodities from India, progress has since been made. There won’t likely be a time restriction specified in the new legislation, given the speed of global change and its effects on global trade. In addition to this, there will be general elections in a year. In this case, imposing a 5-year time restriction on the government is perhaps not the best course of action. No brand-new export marketing programme is anticipated. As they are the ones most negatively impacted by any disturbance, certain actions can be done. Plans like creating export hubs for districts can get traction using FTP. E-commerce may have its own chapter, and the simplicity of doing business is also a possibility. On the condition of anonymity, an exporter said that the APTP (Accenture Post-Trade Processing) may include some of the promises made as part of export promotion campaigns, such as the refund of duties and taxes on export products (RoDTEP). In addition to this, exporters also anticipate that measures will be implemented to lower their logistical costs. The head of the Apparel Export Promotion Council (AEPC) said established programmes like Export Promotion Capital Goods (EPCG) are unlikely to be eliminated because they have greatly aided in capacity development.