DGFT Increases Operational Area and Inducts New PSIAs in Appendix 2G of FTP, 2023

The Directorate General of Foreign Trade (DGFT) has announced an increase in its operational area by inducting new Product Specific Import Authorization (PSIA) categories into Appendix 4 of the Foreign Trade Policy (FTP). This expansion aims to streamline import procedures for specified products and services. The revised policy enhances the scope of operations for importers, offering greater flexibility and scope for trade activities. The changes are expected to boost trade and facilitate easier access to the market for businesses involved in these sectors. By implementing these modifications, the DGFT is aligning the import authorization process with evolving market needs, ensuring smoother trade operations across various industries.