Amid global economic problems, the government on Tuesday unveiled a seven-point strategy to boost exports .
1. Extension of interest subsidy (interest subvention) scheme by one year till March 31, 2013 and expand its coverage to include other labour-intensive sectors namely toys, sports goods, processed agricultural products and ready made garments. Interest subvention scheme- under this scheme two per cent interest subsidy was given to handlooms, handicrafts, carpets and SME sector.
2. Thrust on employment-intensive industry and continuation of market diversification strategy.
3. Government aiming 20 per cent export growth in 2012-13 .India's exports grew by 21 percent in 2011-12 to touch USD 303 billion.
4. Zero per cent duty EPCG (Export Promotion Credit Guarantee) scheme for technology upgradation extended till March’13 .
5. Seven new markets added to Focus Market Scheme.
6. Market linked focus product scheme extended till March’13 for apparel export to USA and EU.Ahmedabad, Kolhapur and Shaharanpur new Towns of Export Excellence.
7. Efforts to increase exports from the north-east region and provide incentive for manufacturing of green goods.
Endeavour to reduce transaction cost through procedural simplification and reduction of human interface.Efforts to promote technological upgradation of exports to retain a competitive edge in global markets and encourage domestic manufacturing for inputs to export industry, thus reducing dependence on imports.Govt to come out with new guidelines to promote SEZs.
1. Extension of interest subsidy (interest subvention) scheme by one year till March 31, 2013 and expand its coverage to include other labour-intensive sectors namely toys, sports goods, processed agricultural products and ready made garments. Interest subvention scheme- under this scheme two per cent interest subsidy was given to handlooms, handicrafts, carpets and SME sector.
2. Thrust on employment-intensive industry and continuation of market diversification strategy.
3. Government aiming 20 per cent export growth in 2012-13 .India's exports grew by 21 percent in 2011-12 to touch USD 303 billion.
4. Zero per cent duty EPCG (Export Promotion Credit Guarantee) scheme for technology upgradation extended till March’13 .
5. Seven new markets added to Focus Market Scheme.
6. Market linked focus product scheme extended till March’13 for apparel export to USA and EU.Ahmedabad, Kolhapur and Shaharanpur new Towns of Export Excellence.
7. Efforts to increase exports from the north-east region and provide incentive for manufacturing of green goods.
Endeavour to reduce transaction cost through procedural simplification and reduction of human interface.Efforts to promote technological upgradation of exports to retain a competitive edge in global markets and encourage domestic manufacturing for inputs to export industry, thus reducing dependence on imports.Govt to come out with new guidelines to promote SEZs.
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