NEW DELHI: The government may extend more sops to the slowdown-hit export sector in the foreign trade policy (FTP) to be unveiled next month,commerce and industry minister Anand Sharma said on Thursday.
Besides new sops, stimulus packages extended by the government would continue till India returns to a high growth trajectory, he said.
“It is gratifying to note that the core sector industries have recorded growth during the past three months, but we have to focus on exports. We are engaged in consultations with the finance ministry and stakeholders, and efforts would be to make Indian exports attractive globally,” Mr Sharma said at a conference organised by industry body Ficci.
The government was aware of the problems faced by exporters and would try its best to extend support, Mr Sharma said, adding that one of the ways would be to focus on diversifying the country’s merchandise exports to untapped markets. The minister will meet the sectoral representatives of the export industry to discuss the same this week.
Elaborating on the forthcoming FTP, he said it would be a mix of fiscal incentives and simplification of procedures for carrying out foreign trade.
The minister has also met representatives of the Federation of Indian Export Organisations, export promotion councils and leading exporters as part of the deliberations ahead of announcing the policy.
Source : The Economic Times