Summarise the foreign trade policy initiatives of the Government of India to boost exports.

The long-term policy objective for the Govt. of India is to double India's share in global trade by 2020. The foreign trade policy prohibits export or import by any person without an IEC number unless specifically exempted. There are two schemes for exports of Merchandise and Services respectively, such as Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) to provide rewards to exporters to offset infrastructural inefficiencies & associated cost involved and provide exporter a level playing field. Units undertaking to export their entire produce may be set up under the EOU scheme, and other schemes. Duty exemption schemes consist of Advance Authorization Scheme and Duty Free Import Authorization Scheme. Under the Merchandize Export from India Scheme, duty credit scrips are issued to eligible exporters thus enhancing their exports prospects in overseas markets. Similarly, under Services Export from India Scheme, services exporters are eligible for duty credit scrip. The SEZ Act, 2005 envisages key role for State Govt. in export promotion and creation of related infrastructure. The Free Trade and Warehousing Zones is a special category of SEZ and is governed by the provisions of the SEZ Act and the rules. The Organisational structure for the promotion of exports includes a number of councils and organisations set up during the post-independence period. The Department of Commerce, Govt. of India, is the most important organ concerned with the regulation, development and promotion of India's international trade.