New Delhi, Aug 26 (PTI) India will tomorrow unveil its foreign trade policy that is expected to eliminate or refund taxes and offer cheaper bank credit to recession-battered exporters, besides encouraging them to look beyond the US and European markets.
The policy will outline the government's priorities over the next five years for resurrecting the sector that contracted by over 31 per cent in the April-June quarter.
Job-intensive segments such as textiles, handicrafts, leather and gems and jewellery will receive special attention by way of zero taxes or tax refunds and subsidised credit.
"Tomorrow's FTA may satisfy many... (but) may not satisfy everyone. It will be forward looking, taking on board the concerns of the industry, particularly the labour-intensive sectors. They will get special attention," Commerce and Industry Minister Anand Sharma said.
Source : PTI