India's Push for Faster, Cheaper Exports Through Paperless Trade

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India Drives Paperless Trade for Faster, Cheaper Exports: Budget 2026-27 Reforms

Stacked containers at the Uiwang Inland Container Depot in Uiwang, South Korea, on Tuesday, Sept. 12, 2023. Photographer: SeongJoon Cho/Bloomberg

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CNBC TV18•26-02-2026, 22:22

India Drives Paperless Trade for Faster, Cheaper Exports: Budget 2026-27 Reforms

•India's Union Budget 2026-27 prioritizes trade facilitation, introducing tech-driven reforms to boost exports.
•Key measures include removing the ₹10 lakh value cap on courier exports, simplified procedures for rejected consignments, and a defined timeline for Customs Integrated System (CIS) rollout.
•These initiatives align with NTFAP 3.0 and recommendations from APAC E-commerce Policy Summits, aiming for a $2 trillion export target by 2030.
•The reforms focus on reducing logistics costs, improving competitiveness, and moving towards cross-border paperless trade.
•India is positioned to lead in trade digitization, with potential to host annual APAC summits for sharing best practices and accelerating paperless trade.

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