Rediff Logo
Money
Line
Channels:   Astrology | Contests | E-cards | Money | Movies | Romance | Search | Women
Partner Channels:    Auctions | Health | Home & Decor | Tech Education | Jobs | Matrimonial
Line
Home > Money > PTI > Report
March 31, 2002 | 1800 IST
Feedback  
  Money Matters

 -  'Investment
 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      







 Secrets every
 mother should
 know



 Your Lipstick
 talks!



 Make money
 while you sleep.



 Bathroom singing
 goes techno!



 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page Best Printed on  HP Laserjets

Exports, industrial clusters, twin objectives of Exim Policy

EXIM
POLICY

The new Exim Policy aims at making exports 'self-generating' and 'growth oriented' in the next five years while promoting industrial clusters as a major hub of export activity, Director-General of Foreign Trade N L Lakhanpal said on Sunday.

"This year the focus is on attaining critical mass to boost exports and regularising industrial clusters which have come up without any government initiative," Lakhanpal said, adding 34 of the 354 clusters identified by UNIDO (United Nations Industrial Development Organization) will receive focus in the next five years.

The 34 clusters accounting for nearly Rs 700 billion worth of exports will be facilitated by regularising their operations besides granting assistance including finance for setting up common facilities like effluent treatment plants.

As most of the clusters are unauthorised, Lakhanpal said they find it difficult to get facilities like bank finance.

The government would act as facilitator and even permit import of second hand capital goods under Export Promotion Capital Goods scheme.

The Exim Policy has identified three such clusters -- Tirupur for hosiery, Panipat for woollen blankets and Ludhiana for woollen knitwear, Lakhanpal said adding the remaining 31 would be extended benefits in the next five years.

Lakhanpal said funds under the Market Access Initiative would also be extended to associations in these industrial clusters rather than disbursing them merely to export councils.

ALSO READ:
The Exim Policy 2002-2003
The Rediff Budget Special
Money

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report

ADVERTISEMENT