The Union Commerce Ministry has received five proposals from Andhra Pradesh and Karnataka under the new scheme Trade Infrastructure for Export Scheme (TIES) to develop infrastructure for promoting exports, a senior official said.

Commerce and Industry Minister Nirmala Sitharaman had in March launched Trade Infrastructure for Export Scheme (TIES), extending financial assistance to bridge the infrastructure gap and provide forward and backward linkages to various units.

According to the official, the projects have been given in-principal approval. The five implementing agencies are — Karnataka Fisheries Development Corporation Ltd (KFDC), Visvesvaraya Trade Promotion Centre (VTPC), Bengaluru, Cochin SEZ, Airport Authority of India (AAI) and Andhra Pradesh Med Tech Zone (AMTZ).

AMTZ has submitted a plan to set up an electrical safety facility, biomaterials testing facility, 3D design and rapid prototyping facility and a center for Gamma irradiation. Unlike Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme, which was funded by the Centre, the cost of projects under TIES are equally shared between the Centre and the states.

KFDC Managing Director VK Shetty said that the corporation will modernise infrastructure facility for marine exports at Tadadi, Kumta Taluk, Karnataka.

They have got the approval from the union commerce ministry and state government. They will shortly start the project. They will be establishing a modern marine processing and export unit. They will be investing Rs 5 crore and the centre will is also providing assistance of Rs 5 crore.

Similarly, VTPC has submitted a proposal to set up coastal cashew research and development foundation in Kumta district of Karnataka. While Cochin SEZ have planned to construct a standard design factory building, AAI would set up an integrated cargo terminal at Imphal International Airport.

Unlike Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme, which was funded by the Centre, the cost of projects under TIES are equally shared between the Centre and the states.

The central and state agencies, including Export Promotion Councils, Commodities Boards, SEZ authorities and apex trade bodies are eligible for financial support under the scheme.

The Central government funding will be in the form of grant-in-aid, normally not more than the equity being put in by the implementing agency or 50 percent of the total equity in the project.

The proposals of the implementing agencies for funding are being considered by an empowered committee, chaired by the commerce secretary.

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