New Delhi, Sep 26 (PTI) The government on Monday said it has decided to extend the existing Foreign Trade Policy (2015-20) by another six months till March 2023.

The current Foreign Trade Policy (FTP) was to end on September 30.

Also Read | #Meta Founder and CEO #MarkZuckerberg Announced That #WhatsApp is … – Latest Tweet by IANS India.

Additional Secretary in the Department of Commerce, Amit Yadav, said there were demands from different quarters, including industry associations and export promotion councils, to extend the policy and not introduce a new policy at this time.

They have stated that currently there are challenges like global uncertainties and currency fluctuations.

Also Read | Bengaluru Shocker: Man Stabs Wife to Death After Fight Over Daughter’s Wedding.

There was also a view to align the rollout of the new policy with the new financial year.

The commerce and industry ministry had earlier announced that it will release the new FTP by the end of this month.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)