India's exports are growing at 20 per cent an year and will cross the target of $92 billion set for 2005-06, according to the annual report of the commerce ministry released on Thursday.
During 2005-06, the ministry announced various measures such as removal of export cess on farm products, extending benefits under the Vishesh Krishi Upaj Yojna to poultry and dairy products and simplified procedures to boost export growth, an official release said.
The country's first Free Trade Warehousing Zone at Haldia in West Bengal has received in-principle clearance from the Centre as a joint venture between MMTC and IL&FS, it said, adding the zone is likely to become operations by the middle of this year.
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