 "chart")
The Union textile ministry is working on a way to harmonise its export incentives with the World Trade Organization (WTO) guidelines.
Currently, the government offers incentives of two to four per cent under the Merchandise Exports from India Scheme (MEIS). In addition to production incentives such as interest subvention and the Technology Upgradation Fund Scheme.
These incentives have been challenged at the WTO by the American government. One contention of critics is that India’s $3 trillion economy is quite unlike those of smaller countries in this region, such as Bangladesh, Vietnam or Pakistan, that require external incentives to
Currently, the government offers incentives of two to four per cent under the Merchandise Exports from India Scheme (MEIS). In addition to production incentives such as interest subvention and the Technology Upgradation Fund Scheme.
These incentives have been challenged at the WTO by the American government. One contention of critics is that India’s $3 trillion economy is quite unlike those of smaller countries in this region, such as Bangladesh, Vietnam or Pakistan, that require external incentives to
