Exporters, industry welcome Foreign Trade Policy incentives

Govt unveiled a 7-point strategy to boost exports, including extension of interest subsidy scheme by 1 year

India Inc and exporters today said measures announced in the Foreign Trade Policy would help in sustaining export growth momentum amid global uncertainties. "We welcome the FTP announcements. The policy will help exports a lot during the time when there is economic problem in the US and European markets," Ficci President R V Kanoria said. The government today unveiled a seven-point strategy to boost exports, which includes extension of interest subsidy scheme by one year till March 31, 2013. It also exuded confidence that India would be able to sustain 20% export growth in the ...