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Exports cross 100 billion dollars: Kamal Nath

Written by: Staff

New Delhi, Apr 7 (UNI) Following are the highlights of the Annual Supplement to the Foreign Trade Policy (2004-09) unveiled by Commerce and Industry Minister Kamal Nath today: * India's exports cross 100 billion dollars.

* ''Focus Product'' and ''Focus Market'' schemes to penetrate strategic markets.

* Vishesh Krishi Upaj Yojana to include village, cottage industries.

* India to be made hub for Gems and Jewellery, Automative and Automobile sectors.

* Unrebated service tax and fringe benefit tax to be factored in schemes for exporters.

* Supplies to intl flights to be treated exports to make India major refuelling stop.

* New Duty Free Import Authorisation Scheme replaces DFRC.

* Flexibility in EPCG for maintaining average export performance.

* Further two years extension of export obligation fulfilment period as facilitation measure.

* Interest on delayed payment to exports to be paid by government -- fast track clearance procedures for EOUs, major trade facilitation moves.

* Boost to services exports.

* Focus on export growth and employment.


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