Government gives Rs 1,700-crore incentive package to boost export growth

Exporters have more than one reason to celebrate this festive season with the government unveiling a Rs 1,700-crore incentive package to ensure continuation of export growth in the unpredictable global scenario.

This includes incentives worth Rs 900 crore for exporting specific products like textiles, engineering goods, chemicals and electronics to both new and traditional markets that was announced by commerce and industry minister Anand Sharma recently.

Another Rs 800 crore-Rs 1,000 crore will be provided to exporters from labour-intensive sectors in the form of interest subvention as notified by the RBI.