Foreign Trade is gaining
importance in India day by day. It has become a national priority as it is
a vehicle to economic development/growth. With the formulation of WTO and
advent of globalization, whole world has become one market. Therefore,
becoming a major player in trade is not only desirable but is utmost
necessary. Increase in exports is vital for growth whereas imports
stimulate our economy. In backdrop of the above scenario, Govt. of India is
committed to take all necessary steps to double our percentage share of
merchandise trade within the next five years. For this, the Govt.
formulates and implements policies which also act as an instrument to
provide thrust to employment.
this purpose, Ministry of Commerce through its attached offices of the
Directorate General of Foreign Trade, formulate and implement foreign trade
policy. Such policy is announced under the Foreign Trade (Development and
Regulation) rules, 1992 read with Foreign Trade (Regulation) Act, 1993.
regional licensing office of the Directorate General of Foreign Trade
(DGFT) is set up in Ludhiana. It caters to the needs of the entire state of
Punjab except district of Amritsar. This office is second largest in
northern India and handles an export of around 2 billion dollars per year.
The main functions of this office are to implement Foreign Trade Policy as
announced by the Govt. of India, Ministry of Commerce from time to time and
to act as a bridge between trade and industry and the Central Govt.
trade policy contains various schemes and steps formulated by the Govt. to
effectively regulate imports and to promote exports. Although quantative restrictions have been removed allowing free
flow of imports of all the major items but some items still require control
for which regulations are made in the foreign trade policies. A plethora of
schemes have been provided to facilitate increase in exports. Such schemes
include the following:-
to states for infrastructure development for exports
assistance to export promotion councils, industry and trade
associations, agencies of State Govt. Indian Commercial mission abroad
and other persons as Market Access initiative.
assistance for marketing development.
financial assistance for meeting the legal expenses for Trade related
- Recognising towns of
export excellence and providing special facilities to such towns.
- Recognising the
exporters contributing substantially to the export kitty of the
country and providing them special benefits.
assistance to service sector by recognizing their efforts and
extending them additional benefits.
duty free imports of raw materials consumables etc. meant to be used
- Neutralising the
incidence of customs duty loaded in the export product.
- For building
a good technological industrial base, the foreign trade policy also
provides for imports of capital goods at concessional rate of customs
- Recognising export
oriented units, electronic hardware technology parks, Software
technology parks and Bio-technologic parks and to grant them special
assistance for setting up and maintenance of special economic zones
and using them as an effective instrument for export promotion.
- To create
trade related infrastructure by providing for creation of free trade
and warehousing zones.
from the above, Ludhiana regional licensing office of the DGFT acts as a
trade facilitator. It also deals with the quality complaints of the foreign
buyers. It works in close coordination with other related economic offices
like Customs Commissionerates, Central Excise
authorities, DRI authorities and Enforcement Directorate.
office is situated at 133-136, Green Field, Ludhiana-141002. The official
website of can be approached at dgft.gov.in and our telephone Nos. are
2430474, 2401754 Fax No.2421280 and E.Mail
address is Ludhianafirstname.lastname@example.org