The Government of India continuously monitors the export performance of different sectors and takes need based measures from time to time, keeping in view the financial and overall economic implications. In furtherance of the above strategy, the Government had introduced Focus Market and Focus Products Schemes to encourage exports of traditional as well as non-traditional products and to certain markets. In December, 2012 Government has taken the following measures to boost the exports:

(i) A new Incremental Export Incentivisation Scheme has been introduced to provide additional 2% incentive on the incremental growth achieved during the period January to March, 2013 over the corresponding period of 2012.

(ii) 5 new markets have been added in the Focus Market Scheme.

(iii) Approximately 100 products have been added in Focus Product Scheme.

(iv) Interest Subvention Scheme has been extended to specified tariff lines of Engineering Sector.

This information was given by the Minister of State for Commerce & Industry Dr. D. Purandeswari in written reply to a question in Rajya Sabha today.

DS/RK

(Release ID :92649)

Export Incentive Scheme expands: extra incentive for incremental export growth and addition of focus markets, products, and interest support. The Government implemented a package to promote exports by introducing an Incremental Export Incentivisation Scheme providing an additional incentive on incremental export growth, adding new destinations to the Focus Market Scheme, including additional lines in the Focus Product Scheme, and extending the Interest Subvention Scheme to specified tariff lines in the Engineering Sector to lower financing costs for eligible exporters.