Business Daily from THE HINDU group of publications
Friday, Dec 22, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Exports & Imports
Exporters urge Govt to continue with DEPB, textile upgradation fund

Our Bureau

To ensure global competitiveness of Indian exports


PRE-BUDGET MEETING: The Finance Minister, Mr P. Chidambaram, with the Commerce and Industry Minister, Mr Kamal Nath, at an interactive meeting with export promotion councils in the Capital on Thursday. - Kamal Narang

New Delhi , Dec. 21

Exporters on Thursday urged the Government to ensure continuance of the duty entitlement passbook (DEPB) scheme and the Textile Upgradation Fund Scheme (TUFS) besides removal or rationalisation of levies that erode the global competitiveness of Indian exports.

This was conveyed at the first ever pre-Budget and pre-foreign trade policy joint interactive meeting of exporters convened by the Union Commerce and Industry Minister, Mr Kamal Nath, along with the Union Finance Minister, Mr P. Chidambaram.

Stating that exports were a major factor in India's economic growth story, Mr Chidambaram said that he recognised the validity and merit of the exporters' suggestions. "These will be examined and appropriate decisions would be taken," he said, adding that his responsibility as the Finance Minister was to balance the interests of exporters, the industry and of revenue.

Mr Kamal Nath also underlined the need to balance exporters' requirements with the interests of the domestic industry to facilitate the growth of both the sectors. He urged the exporting community to look ahead and strategise to avoid being overtaken by emerging new competitors in the global market place.

Exporters and several export promotion councils sought the removal of 4 per cent central sales tax as it made exports less competitive. They also sought zero duty on imports for export production under the export promotion capital goods scheme to provide a level playing field.

More Stories on : Exports & Imports | Textiles

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Knowledge is power


PF body may moot hike in contribution rate to 15 pc
Pension fund investments: CMs' meet soon
Commerce Ministry favours excise duty cut for cement sector
HC raps Southern Rly for contesting Labour Court order
`RBI will aim to contain inflation at 5-5.5 pc '
AP revenue receipt up 21 pc
Creating the `next practices'
`Indo-Chile trade likely to treble this year'
`Indo-German trade to touch € 10 b by 2009'
`Most Indians lack cover against critical illnesses'
IDBI, LIC to co-finance infrastructure projects
BSNL to invest Rs 2,000 cr in broadband infrastructure
BHPV may be merged with BHEL
Essar Oilfields buys rig for $220 m
Great Offshore debuts at Rs 702
Cabinet nod for Electricity Bill 2005 timely
ABB to acquire Raman Boards
Orissa Govt signs pact with Mittal Steel for 12-mt plant
VAT awareness camp in Coimbatore
ITC's NE-based vendor for agarbattis bags quality cert
Keltron, SAP plan tie-up
Time Broadband's Net TV service
Stock Holding Corp plans to set up institute
Toonz Animation to open 7 academies
Great Lakes plans post-doctoral course with Yale in `08
Institute for artificial intelligence to be set up
PG diploma course in insurance
`Ideas, not just money can fuel biz growth'
B-school students' gesture
Space Hospitals to widen services in TN
Ministry's clearance for garnet sand mining legal: Madras HC
Govt to sell residual stake in Maruti
Pilot project on rural connectivity
Underdeveloped areas should be given more focus: Minister
`Communication is key to employee relations'
Measures for unorganised sector
`Software, construction sectors have great demand'
Exporters urge Govt to continue with DEPB, textile upgradation fund


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line