IAS Gyan

Daily News Analysis


24th September, 2020 Economy


  • Export Promotion Councils (EPCs) are organizations of exporters, set up under the Societies Registration Act/ Companies Act, with the objective of promoting Indian exports.
  • The councils are responsible for promotion of a particular group of products/ projects/services as given in Appendix 2T of the Foreign Trade Policy (FTP) 2015-2020.
  • Regular joint meetings with the councils to facilitate interactions with exporters and assess performance of the councils are held.
  • The accounts of the councils are subject to mandatory audit.
  • The review reports of performance of the councils are laid in the Parliament along with Annual Report each year.