In order to enhance the competitiveness of the Small Scale Industries (SSI) engaged in exports, the Central government has lowered the export obligation of SSI units under the Export Promotion Capital Goods (EPCG) scheme if they import capital goods.
"A SSI unit would now have to export six times of duty saved as compared to an ordinary unit exporting eight times of duty saved under EPCG scheme. This initiative is taken to give impulse to the export," said K T Chacko, director general of Foreign Trade (DGFT).
For the development of infrastructure in the country, the government has also earmarked Rs500 to Rs1000 crore for the infrastructure development under Assistance to States for Infrastructure Development for Exports (ASIDE), Chacko said. The government is also focusing on the setting up of cold chains and Agri Export Zones in the country, he added. Source: The Times of India
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