The government might announce, yet another set of incentives for some export sectors in January even as it has completed a sector-wise review after the announcement of some measures under the Foreign Trade Policy (FTP) 2009-2014.
In August, the government had announced a series of incentives under the Policy, through extension of certain export promotion schemes, mainly targeted towards sectors yet to stabilise yet.
"There has been considerable satisfaction over the way exports have been growing. We had recently a sectoral review and by January, an intervention will be made and we will give incentives to those where required," said commerce and industry minister Anand Sharma here on Thursday.
Some sectors such as handicrafts, carpets and some small-scale industries are still facing severe problems due to sluggish growth in the traditional western markets, he said.
In April-November, exports were $140.28 billion, a growth of 26.7 per cent as compared to the corresponding period last year. The imports during the period were $221.96 billion, a growth of 24
Click NEXT to read more...