According Economic Times, New Delphi, Indian government recently launch a series of measures to encourage export, so as to reduce profit loss results from rupee’s upvaluation against US dollar.
Indian government is going to allocate a fund of 14 billion rupee, or, 350 million US dollar for export subsidy. Textile apparel, leather products, handicrafts, engineering products, farm processed products, sea products, sport articles and toys would see 3-percent increase on tax reimbursement for export, and other export categories—2 percent. SMEs would be offered concessional loan, especially those deal with the above 8 realms. In addition, Indian government would also invest 6 billion rupee, or 150 million US dollars to clear unpaid items such as consumption tax and central excise duty. |