SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. Govt likely to announce incentives for various export orientated sectors

Govt likely to announce incentives for various export orientated sectors

18 Apr 2013 Evaluate

In a move to contain the declining trend witnessed in exports, the government is likely to announce a host of incentives for various export orientated sectors like engineering and textiles to boost shipments amid global demand slowdown. Exports declined by 4 per cent to $265.95 billion in the April-February period of FY13, on account of global slowdown and negative growth in sectors like engineering and textiles.

By next fiscal, the government expects to touch the $125 billion target set for engineering export. Engineering goods exports constitutes around one-fourth of the country's total merchandise shipments and the US and Europe account for over 60 per cent of the country's total engineering exports.  Further, on the whole, the government has fixed an export target of $360 billion for 2012-13, which is unlikely to be achieved.

In the annual supplement of the Foreign Trade Policy (FTP), the government is looking at ways to increase exports to bridge the growing deficits in the trade. The government is also considering an export development fund with a likely corpus of about Rs 5,000 crore to Rs 10,000 to help the exporters in their marketing initiatives and interest subsidy scheme to more export sectors in the upcoming FTP.

The commerce ministry is also examining a number of proposals from the industry that include extending direct cash incentives to exporters of a larger number of products to targeted markets.  Further, it is expected that with the new FTP, exporters are likely to get benefits under focus product and focus market scheme. Special Economic Zones, which contribute about 30 per cent of the country's overall exports, are also expected to get incentives.

Earlier, in December 2012, the government had announced incentives for exporters that included extension of two percent interest subsidy for one more year till March 2014.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×