The central government plans to introduce in incentives
for hi-tech sectors and small and medium enterprises.
Fernandez, special secretary, union ministry of commerce
and industry, said at a weekend meet organised by the
Federation of Indian Export Organisations, that by mid-April,
the government would come out with "annual supplement"
to the foreign trade policy.
said that India's foreign trade policy had been formulated
for the 2004-09 period but every year there following
a review of the policy, improvements are made to it.
said hi-tech sectors such as biotech are increasing service
export and India is becoming a knowledge-based economy
and added "the government is looking at various issues
with a view to give dynamism to the annual supplement
and remove the hindrances for exports."
small and medium enterprises contribute about 40 per cent
to the country's exports. So, the government plans to
give incentives to them under the export promotion of
capital goods scheme,
the official stated.
the agri-export sector is another area top on the government's
plan for which it needs the support of state governments,