The Commerce Ministry will start its fourth review of the exports sector from next month and may extend fiscal incentives to labour intensive sectors like textiles and handicrafts, to enhance their shipments.
"The review exercise will finish in about 30 days. Genuine demands of exportsers, especially in the labour intensive sector, may be considered," a senior ministry official said.
The performance review, aimed at helping exportsers enhance outward shipments, would start in July.
Director General of Foreign Trade Anup Pujari would hold extensive discussions with different exports promotion councils (EPCs) like Apparel EPC and exports organisations.
Although the labour intensive sectors are registering healthy growth in value terms, the exportss in quantitative terms are a cause of worry.
"In value terms, exports are showing good growth but in volume terms, the picture is not that good," President of Federation of Indian Export Organisations (FIEO) Ramu Deora said.
FIEO is conducting a study to assess the growth of sectors in volume terms.
"By Monday, we will complete the study," Deora said.
He said the federation would demand concessions from the Commerce Ministry for the labour intensive sectors, like subsidised exports credit and high duty drawback rates.
This is the fourth exports performance review conducted by the government since it unveiled the Foreign Trade Policy for 2009-14 in August 2009.
After the first sectoral review in 2009, the government had announced sops worth about Rs 1,050 crore to promote exportss. Incentives were also given in January and March 2010 after reviews.
exportss jumped by an impressive 37.55% to $245.86 billion during 2010-11.
