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More stimulus for export sector on cards: Anand Sharma

Category :India Sub Category :National,Business
2009-08-10 00:00:00
   Views : 625

More stimulus for export sector on cards: Anand Sharma

New Delhi, Aug 10 - To support the export sector, the foreign trade policy (FTP) to be announced later this month is likely to contain stimulus packages, Commerce Minister Anand Sharma said here Monday.

'We will talk to the finance ministry on export sector stimulus. We will announce more stimulus in the trade policy this month,' Sharma said after a meeting of the Board of Trade (BoT), the government's highest advisory body on export and import-related issues.

'It is my intention to use the opportunity of announcing the FTP to outline the contours of policy instruments available with the government for strengthening exports, especially the labour intensive industry,' he said.

The minister said he was 'working on a long-term policy which will be reflected in the upcoming FTP.'

For the labour-intensive industry exports, especially agriculture, textiles, leather, gems and jewellery sectors, the government would announce specific measures, 'which would underline the sensitivity of the government towards issues of employment', Sharma said.

The meeting was also attended by Harsh Pati Singhania, president of Federation of Indian Chambers of Commerce and Industry (FICCI), Venu Srinivasan, president of Confederation of Indian Industry, and A.




Author :Indo Asian News Service



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