Director General of Foreign Trade (DGFT) Anup Wadhawan, who was addressing exporters at an interaction here, said the government is committed to help trade and industry in the best possible way and considers them as a stakeholders and partners in the economic revival process of the country.
Regarding Merchandise Exports of India Scheme (MEIS), Wadhawan informed that after announcement of the Scheme on April 1, 2015, Rs 4,000 crore has further been put in the Scheme for covering more tariff lines and markets.
Besides, Federation of Indian Export Organisations (FIEO) President S C Ralhan hoped that outward shipments will move into positive territory from June onwards and the continuous downfall since December, 2014 will come to an end as exports data released for April, 2016, have shown promising results.
Declining for 17th straight month in April, exports dipped by 6.74 per cent to USD 20.5 billion due to sharp fall in shipments of petroleum and engineering products amid tepid global demand.
He urged DGFT to consider release of the Target Plus benefits and Incremental Exports Incentivization benefit for 2013-14 at the earliest.
Resolving the issue of separate MEIS application for exports made from each EDI Port is also equally important, Ralhan said.