Event report  •  Networking

Session on New Foreign Trade Policy with Kochhar & Co LLP

IFCCI in association with Kochhar & Co LLP, organized a Session on The New Foreign Trade Policy on 3rd May 2023 in a hybrid format.

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The Indo-French Chamber of Commerce & Industry (IFCCI), in association with Kochhar & Co LLP, organized a Session on The New Foreign Trade Policy on 3rd May 2023 in a hybrid format. The Session enlightened the members on the Foreign Trade Policy (FTP), 2023, that was recently announced by the Ministry of Commerce, Government of India.

Ms. Aarushi Gautam, Manager - Committees & Events (North), IFCCI welcomed the members and speakers; Mr. Amar Variawa, Country Director - Public Affairs, Sustainability & ESG, Michelin India Private Limited, Ms. Reena Khair, Senior Partner & Head - International Trade & Indirect Tax, Kochhar & Co LLP and Mr. Chandrasekhar Tampi, Senior Partner, Corporate M&A, Kochhar & Co LLP.

Ms. Reena Khair, Senior Partner & Head - International Trade & Indirect Tax, Kochhar & Co LLP introduced the topic with her theme presentation and set the context of the session. She highlighted the several schemes under the new Policy and the four pillars, Incentive to Remission, Export promotion through collaboration, Ease of doing business and Emerging Areas. 

This was followed by an engaging Panel Discussion wherein Mr. Chandrasekhar Tampi, Senior Partner, Corporate M&A, Kochhar & Co LLP was in conversation with Mr. Amar Variawa, Country Director - Public Affairs, Sustainability & ESG, Michelin India Private Limited and Ms. Reena Khair, Senior Partner & Head - International Trade & Indirect Tax, Kochhar & Co LLP. The Panelists talked about the dynamism of the new Policy, the intent of the Government to take India's exports to 2 trillion dollars by 2030 and the international trade settlement in Rupee.

This was followed by an interactive session with members that revolved around the focus of the policy on improvement in the ease of doing business through reduction in transaction cost and time, a paperless regulatory environment, a transparent and predictable legal regime and an improved investment climate through better infrastructure. 

The session was moderated by Mr. Akshay Thakur, Assistant - Events & Memberships, IFCCI. 

The event was followed by networking. 

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