Highlights: Nirmala Sitharaman unveils new foreign trade policy

Commerce and Industry Minister Nirmala Sitharaman unveiled the Prime Minister Narendra Modi-led government's new Foreign Trade Policy (2015-2020) on Wednesday at the Vigyan Bhawan in the national capital.

Here are the key takeaways from Sitharaman's speech:

>> Focus in Foreign Trade Policy is to support services and exports

>> Have taken a number of very important initiatives

>> Will focus on export of high value addition products

>> Focussed on improving ease of doing business in new policy

>> Challenge is to address infra bottlenecks, complex procedures, manufacturing

>> Need to ensure local products and services are globally competitive

>> Market diversification is a key focus of Foreign Trade Policy 2015-2020