The government has set a target of 20 per cent growth in exports during the current financial year while Indian exports registered 20.9 per cent growth in last year to touch 303 billion US dollar. Announcing the annual supplement to the Foreign Trade Policy 2009-14 in New Delhi today, Commerce and Industry and Textile Minister Mr. Anand Sharma unveiled seven-point strategy to boost exports which include extension of interest subsidy scheme till 31st March of next year. Our correspondent reports, the government came out with an interest subvention scheme under which 2 per cent interestsubsidy was given to handlooms, handicrafts, carpets and SMEsector. The seven point agenda include give a focussed thrust to employment intensive industry, to encourage domestic manufacturing for inputs to export industry, to encourage exports from the North Eastern Region and to provide incentives for manufacturing of green goods recognising the imperative of building capacities for envrionmental sustainability.
News On AIR | June 5, 2012 1:39 PM
Govt sets 20% export growth target