UP CM demands increase in incentive to glass exporters

Uttar Pradesh Chief Minister Akhilesh Yadav today demanded from Prime Minister Narendra Modi to roll back reduction in the incentive to glass and glass handicraft exporters.
"The CM has written to the PM drawing his attention to the loss caused due to reduction in incentive to the exporters of glass and glass handicraft, so that decline in export of these products can be stopped," an official spokesman said here.
Yadav said that in the new Foreign Trade Policy 2015-2020, incentive to exporters of these products has been reduced to three per cent from seven per cent.
It was affecting export from this sector and subsequently lakhs of artisans and workers engaged in the industry.

Yadav said that several glass manufacturer associations have apprised him of these issues.
He requested the Prime Minister to seriously consider the demand of exporters union and roll back reduction in incentive.
UP's Principal Secretary MSME has already written a letter to Director General Foreign Trade in July this year.
Glass and glass handicraft are exported from Firozabad at a large scale and during the last fiscal, total export was worth Rs 900 crore.