Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
India reviews production incentive scheme amid overhaul push - source.
Aug 04, 2023
India's top bureaucrat reviewed a production-linked incentive scheme on Thursday amid a push from industry for faster payouts to improve the programme that aims to boost investment in manufacturing, a government official said.
The scheme is crucial to boosting the broader Indian economy which has been starved of private investment for nearly a decade and is struggling to create adequate jobs, particularly in manufacturing.
The $24 billion scheme, launched in 2020, covers 14 sectors ranging from electronic products to pharmaceutical drugs, but has so far only been successful in a handful of those.
The meeting, headed by India's cabinet secretary Rajiv Gauba, covered sectors that are performing well under the scheme and another meeting, on sectors that have not yet 'taken off' will be arranged soon, the official told reporters.
The official did not wish to be named as details of these review meetings have not been made public.
Total incentives worth 34.20 billion rupees ($413.29 million) have been claimed up to March this year. Little has been paid out to businesses in six sectors including speciality steel products, solar modules, and car components, according to a government report seen by Reuters.
As part of the ongoing review, the government in June met large global firms such as Foxconn, Samsung Electronics Wistron, and Reliance Industries, and others that stand to benefit from the scheme's incentive payouts.
Suggestions from those keen on securing incentives under the scheme include quicker payouts against claims, the government official said.
'In some cases, manufacturers have sought faster approval to visa applications of their vendors from China for instance, in cases where such expertise is required for local production to pick up,' the official added.
The program had drawn investments totalling 625 billion rupees up to March, and investments are expected to rise further to 2.74 trillion rupees as the program runs its course, according to government estimates.
So far, most investments and incentives have come in large-scale electronics manufacturing, pharmaceutical drugs production, medical devices, bulk drugs, telecom products, food products, drone and drone components, the government report said.
economictimes.indiatimes.com
Archive