FAPCCI hails Foreign Trade Policy

Hyderabad, Apr 7 (UNI) The Federation of Andhra Pradesh Chambers of Commerce and Industry welcomed the Annual Supplement of the Foreign Trade Policy 2004-09, saying the policy with ''full of incientives'' to exporters and Indian Industry would help India in achieving double digit growth in very near future.

''It is also a welcome feature for the Trade and Industry that the policy has given special focus on sectors such as auto components, aviation and host of other sectors on which strong fundamentals will be built for betterment of Indian economy,'' FAPCCI President C V Atchut Rao said in a release here.

''Focus Product Scheme'' and the ''Focus Market Scheme'' would give a boost to exports and provide jobs in semi-urban and rural areas, he opined.

''Duty Free Import Authorization Scheme would encourage imports of small quantitites of inputs without cost constraints to the small time importers/exports, he added.

UNI SM ROY 1919