ArticleTrader.com
  

 Main Menu

  Home
  Member Login
  Forum
  Submit Article
  Membership
  RSS Feeds
  Contact Us
  About

 Services

  Article Distribution
  Link Building

 Tools

  ArticleMS
  Directory Tracker

 Categories

  Automotive
  Business
  » Advertising
  » Branding
  » Career
  » Communication
  » Customer Service
  » Management
  » Marketing
  » Networking
  » PR
  » Sales
  » Small Business
  Computers
  Entertainment
  Finance
  Food
  Health
  Home and Family
  Internet
  Legal
  Science
  Self Improvement
  Shopping
  Society
  Sports
  Technology
  Travel
  Writing

187 users online.



 
  » Category Sponsors
  Gifts for your family

Home » Business » Sops likely to be on cards for labour-intensive sectors

davidpar
Article written by davidpar

View Full Profile
Get Html Code
PDF | Print View | Post to your Site

Sops likely to be on cards for labour-intensive sectors

Submitted by davidpar
Fri, 19 Mar 2010

Labour-intensive sectors in India may soon receive some additional sops from the government in view of the fact that some of them continue to grapple with lower export figures despite the visible signs of global recovery.

Speaking on the sidelines of the conclave on India-Africa Project Partnership, commerce and industry minister Anand Sharma stated, "The issue of extending financial incentives for some of the labour-intensive sectors, which mostly comprise SMEs, have been taken up with finance minister Pranab Mukherjee. We are hopeful that some more sops will be extended to these sectors."

The sixth conclave revolving around India-Africa Project partnership is being jointly hosted by the Commerce and External Affairs Ministries, the Export-Import Bank of India (EXIM) and the Confederation of Indian Industry (CII).

Mr Sharma has also expressed optimism that India's exports will grow two-fold by 2014, stating that exports will post an incremental surge of 20-25% per annum.

"The target of doubling the country's export figures over 2008-09 by 2014 can be achieved if adequate support is extended to SMEs engaged in overseas trade as they contribute significantly towards the export sector's growth," said P Jain, proprietor of Jain Tea Company, a small-sized tea exporting unit in Kolkata.

Besides being confident about the prospects of achieving two-fold growth, Mr Sharma also revealed that the government's long-standing goal is to double the country's market share of merchandise as well as services trade in percentage terms.

For more detail on B2B Directory log on to http://www.bizxchange.in/

 

David Parks is a well known author and has written articles on Adult Shoes Manufacturers and Auto Electrical System, suppliers, Manufactures and many other subjects.


Source: ArticleTrader.com
Creative Commons License

Comments

No comments posted.

Add Comment

You do not have permission to comment. If you log in, you may be able to comment.

 Top Authors

 1 Stebee (3270)
 2 limalan88 (2920)
 3 alien82 (2756)
 4 kajuba (2508)
 5 sverdlow (1712)
 6 jamiehanson (1705)
 7 juliet (1691)
 8 MarkeD (1296)
 9 robertoms2003 (1295)
 10 AnthonyF (1244)
 11 articles (1205)
 12 artavia.seo (1148)
 13 spinxwebdesign (1119)
 14 gprather (1071)
 15 LouieLiu (1069)

 Distribution

Article Distribution

  
  Affiliate Program 2Checkout.com, Inc. is an authorized retailer of ArticleTrader.com

0.03s