SME Times is powered by   
Search News
Just in:   • Pranab to take austerity measures for economic growth  • Sensex tanks 298 pts, metal, auto stocks fall  • Rupee hits record low of 54.42 against dollar  • Pilots grievances will be heard: Ajit Singh  • Second Ghana SME Expo launched  
Last updated: 02 Nov, 2009  

Anand.Sharma.9.Thmb.jpg Sops for select export sectors on cards: Anand Sharma

Anand.Sharma.9.jpg
SME Times News Bureau | 02 Nov, 2009
The government is considering to selectively extend more sops to exporters rather than withdrawing the stimulus given to them last year in the face of the global economic slowdown, news agency PTI reported Sunday quoting Commerce and Industry Minister Anand Sharma.

"The engineering sector may need some support. For apparel and handicrafts, we will see if we can do something more. We will review and see if we can give some more incentives," Sharma told reporters travelling with to Nepal and Egypt.

The commerce minister had gone to Kathmandu for signing a new India-Nepal trade treaty on October 27 while in Cairo he attended a consultation meeting with African nations on WTO negotiations on October 29

Sharma was categorical about continuation of the stimulus package as the exporters remain in trouble despite containment in damages. He would review the latest trends and outlook on the export sector later this month.

"It is premature even to think on exiting the contra - cyclical measures," he added.

According to latest data revealed, India's exports declined by 13.8 per cent in September, for 12 months in a row, but the fall was lowest in the current financial year. The exports in September stood at USD 13.6 billion, against USD 15.8 billion in the same month last year.

Earlier, Finance Minister Pranab Mukherjee had ruled out any roll back of the stimulus package in a hurry. 
 
Print the Page Add to Favorite
 

Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

   Top Stories
» Pranab to take austerity measures for economic growth
» Rupee hits record low of 54.42 against dollar
» Vast scope for India-Africa SME cooperation: Scindia
» SMEs to meet today on 12th Plan manufacturing roadmap
» India ranked 46th in trade logistics performance
 
  Commented Stories
» Credit rating can help SMEs in more ways than one(20)
» SME Conclave – awareness on SME stock exchange(15)
» Exporters need push, not pull(8)
» As China dumps in India's solar market, domestic industry shrivels(3)
» Industrial city Kanpur at its deathbed(3)
  Customs Exchange Rates
Currency Import Export
US Dollar
53.10
52.25
UK Pound
86.00
84.15
Euro
70.35
68.70
Japanese Yen 65.50 63.85
As on 16 May, 2012
  Daily Poll
Do you think RBI's deregulation of export credit interest rate in foreign currency will affect exporters?
 Yes
 No
 Can't say
 
 
 
 
About Us  |  Contact Us  |  Feedback |  Success Stories |  Tradeindia in News  |  Get Listed | 
Sitemap  |  Terms of Use |  Useful Links |  Trade Bodies