The government today announced incentives worth Rs 450-500 crore for exporters encouraging them to aggressively market products in China and Japan and build on the recovery witnessed since November last year.
The sectoral package include expansion of the Focused Product Scheme (FPS) and Special FPS under which exporters are given 2 to 3 per cent incentives.
The government also announced inclusion of China and Japan in the Market Linked Focused Programme under which exports to specified countries are provided sops.
Unveiling these measures, Commerce and Industry Minister Anand Sharma said they would be effective from tomorrow and burden would be borne by the internal budget of his ministry.
After a 13 months contraction, India's exports showed a recovery during November and December growing by 19 and 10 per cent respectively.
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