Sectoral package for exporters likely tomorrow

Amid speculations on rolling back of stimulus, the Commerce Ministry is likely to come out with sops for labour-intensive export sectors like engineering which are yet to recover from the impact of the global meltdown.

The ministry has completed a review of various export sectors that are still facing problems despite the positive turn in merchandise exports in November and December last year after a downslide of 13 months.

Labour-intensive segments like gems and jewellery, leather, engineering and carpets may get sops, sources said.

With the economic growth rising to 7.9 per cent in the second quarter (July-September 2009-10), the industry fears that the government may withdraw the stimulus in the next Budget to be unveiled in February.