In competing with China and Vietnam, Indian exporters confront half-baked incentive schemes
Synopsis
When the WTO took aim at India’s export incentive schemes, the government quickly came up with a better alternative. But the new scheme is stalling trade deals, claim exporters, as its rates haven’t been notified. And that is not the only problem with it.
Puran Dawar, President of Agra Footwear Manufacturers and Exporters Chamber (AFMEC), recalls the days when leather goods exported from Agra were acknowledged globally for their quality and competitive pricing. This, he says, was partly made possible by various provisions under the government s Merchandise Exports from India Scheme (MEIS).
Suspension of benefits under incentive schemes to affect exporting community s confidence: PHDCCI
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Government suspends issuing export benefits under key schemes
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
An export-led recovery? - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.