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    Question

    Recently central government has released Rs ______ to

    states for the promotion of exports under the Trade Infrastructure for Export Scheme (TIES) initiative, which was introduced in the financial year 2017-18?
    A 206 crore Correct Answer Incorrect Answer
    B 210 crore Correct Answer Incorrect Answer
    C 220 crore Correct Answer Incorrect Answer
    D 240 crore Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The central government has released Rs 206 crore to states for the promotion of exports under the Trade Infrastructure for Export Scheme (TIES) initiative, which was introduced in the financial year 2017-18. Under the TIES, financial assistance for 27 export infrastructure projects have been approved during FY 2019-20 to 2022-23 (till 19th July, 2022). The objective of the scheme is to assist Central and State Government agencies in the creation of appropriate infrastructure for growth of exports. Under the TIES scheme, financial assistance in the form of grant-in-aid is provided to Central/State Government owned agencies (or their Joint Ventures with major stake-holding by them) for setting up or up-grading export infrastructure in States/UTs. The scheme can be availed by States through their implementing agencies, for infrastructure projects with significant export linkages like Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres, export warehousing and packaging, SEZs and ports/airports cargo terminuses.

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