Need more regional trade deals, tax exemption for SEZs: CII report

The report has suggested full income tax exemption for 10 years be provided to units in Special Economic Zones, lower cost of credit for exporters, and fast-paced growth in high-tech shipments

A month after the government stepped out of talks on the proposed Regional Comprehensive Economic Partnership, a report by the Confederation of Indian Industry (CII) has argued that India sign more regional trade deals to unlock export markets for diverse products and exploit established value chains.

Submitted to the commerce department, the report has pointed out that global trade is happening increasingly via the preferential route and India should commit to signing more trade deals in the new upcoming Foreign Trade Policy (FTP), which is set to go live on March 31, 2020. Interestingly, CII has supported the government's move to