The government on Tuesday announced incentives worth 500 crore rupees for exporters .This will encourage them to aggressively market products in China and Japan and build on the recovery witnessed since November last year. The sectoral package include expansion of the Focused Product Scheme under which exporters are given 2 to 3 per cent incentives.Unveiling these measures in New Delhi, the Commerce and Industry Minister Mr. Anand Sharma also announced inclusion of China and Japan in the Market Linked Focused Programme under which exports to specified countries are provided sops. Mr. Sharma said that the new policy will be effective from tomorrow and burden would be borne by the internal budget of his ministry. After a 13 months contraction, India's exports showed a recovery during November and December growing by 19 and 10 per cent respectively.
News On AIR | January 12, 2010 6:25 PM
Centre announces Rs 500 crore export incentives