Commerce and Industry Minister Anand Sharma today said the Government will soon announce incentives for labour intensive export sectors, notwithstanding high growth in the shipments during December.

“I do plan to announce export sops to labour intensive sector soon,” he told PTI here, adding the Ministry has already reviewed the performance of different export sectors.

While the minister did not specify the exact date of announcement of sops, sources in New Delhi said it would be before the Union Budget which will be presented in the Lok Sabha on February 28.

Among others, the textiles sector is likely to get sops, they added.

In the Budget of 2010-11, the Centre had allocated Rs 2,500 crore for the exporting sector of which about Rs 600 crore still remains “unutilised”.

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Category : Income Tax (28066)
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Tags : Government Policy (2035)

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