Help is on its way
27/02/2009
Broadly, the new measures aim to make it easier for manufacturing companies to export their goods and ease cash-flow, for example by making them wait far less time for help that the government has made available under export promotion schemes.
The minister also announced a special package for leather and textiles, two sectors that collectively account for 12% of India's exports and have been hit hard by the global downturn. Together these two sectors will receive an additional $65 million under the Focus Product Scheme, which gives duty credit on imported raw materials for companies exporting to specified countries.
The government is offering leather and textiles special treatment because both industries are labour intensive.
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