The minister, who received various suggestions from the industry representatives, said, 'Steps have been taken, steps will be taken and those will get clearly reflected in the new policy.'

At the meting, Ficci chief Singhania called for special emphasis on services exports, and suggested the creation of a technology upgrade fund scheme for engineering goods, which constitutes around a quarter of India's total exports.

Exporters also asked for extension of interest subsidy to additional sectors such as granite, marble and rubber products; income tax benefit for export profits for a temporary period; compensation for inland freight cost; reimbursement of state taxes and levies, and extension of the duty entitlement pass book (DEPB) scheme - an export incentive scheme - beyond Dec 31.