Government to offer incentives to boost exports – Times of India
[ad_1]
(Representative image)
NEW DELHI: The government on Tuesday launched a new incentive scheme – compliant with World Trade Organization (WTO) rules – to boost exports that will enable exporters to get a refund of taxes paid to the federal and state governments, its trade minister said.
The government plans to spend Rs 19,440 crore ($2.61 billion) offering incentives to exporters under the scheme that would be effective from January 2021, a trade ministry official told reporters.
India has set a target of $400 billion in merchandise exports for the current fiscal year ending in March 2022, compared to $291.2 billion in the previous fiscal year.
FacebookTwitterLinkedinEMail
[ad_2]
Source link