India to offer incentives to boost exports
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
NEW DELHI - India on Tuesday launched a new incentive scheme - compliant with World Trade Organization 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 194.4 billion rupees ($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
