Eligibility Criteria for a Town to be Recognised as a TEE
Posted: Tue Feb 11, 2025 10:24 am
A town qualifies as a TEE if it fulfils specific production and export targets. The role of TEEs in promoting exports is vital. By receiving this recognition, towns gain access to various government incentives and support programs that enhance their production capabilities and ability to reach wider global markets. TEEs also contribute significantly to regional economic development by creating jobs and supporting local industries.
The Ministry of Commerce and Industry recognises a town as TEE if its annual cameroon phone number list export turnover exceeds INR 750 crore for the primary product it specialises in. However, for some sectors such as handloom, handicraft, agriculture and fisheries this threshold is reduced to INR 150 crore.
Benefits of Becoming a Town of Export Excellence
Here are some of the key benefits received by the TEEs:
Financial Support and Incentives
One of the main benefits of becoming a TEE is access to financial assistance under various government schemes, particularly the Market Access Initiative (MAI). This initiative is designed to promote Indian products in international markets by providing financial support to exporters. It enables you to participate in activities such as trade fairs, buyer-seller meets and market studies. Towns with TEE status can leverage these funds to enhance their global outreach.
The Ministry of Commerce and Industry recognises a town as TEE if its annual cameroon phone number list export turnover exceeds INR 750 crore for the primary product it specialises in. However, for some sectors such as handloom, handicraft, agriculture and fisheries this threshold is reduced to INR 150 crore.
Benefits of Becoming a Town of Export Excellence
Here are some of the key benefits received by the TEEs:
Financial Support and Incentives
One of the main benefits of becoming a TEE is access to financial assistance under various government schemes, particularly the Market Access Initiative (MAI). This initiative is designed to promote Indian products in international markets by providing financial support to exporters. It enables you to participate in activities such as trade fairs, buyer-seller meets and market studies. Towns with TEE status can leverage these funds to enhance their global outreach.