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Interim foreign trade policy offers sops to exporters

Interim foreign trade policy offers sops to exporters
PTI
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First Published: Thu, Feb 26 2009. 05 25 PM IST
Updated: Thu, Feb 26 2009. 05 25 PM IST
New Delhi: The government on Thursday unveiled an interim foreign trade policy, which offers sops to exports in leather, textile, gems and jewellery and food product sectors.
The government scaled down the export target to $175 billion for this fiscal from the earlier target of $200 billion, in the backdrop of the global downturn, while $200-billion export target has been set for the fiscal 2009-10.
The sops announced by commerce and industry minister Kamal Nath include a special package of Rs325 crore for the leather and textile sectors, removal of import curbs on gems and jewellery, relaxation in export obligations and a 5% duty credit for the export of handmade carpet under the Focus Product Scheme, against 3.5% given earlier.
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First Published: Thu, Feb 26 2009. 05 25 PM IST