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News ECONOMY

  • Mar 08, 2013
  • An alarmed Board of Trade to meet on March 22

    To give a boost to the country's ailing export sector, the government is set to convene a Board of Trade (BoT) meet on March 22, to prepare the way for the annual supplement to the Foreign Trade Policy (2009-2014), expected to be unveiled in April.Commerce secretary S R Rao told Business Standard: "The meeting (is) to seek inputs from all stakeholders such as industry chambers, exporters and various export promotion councils, to identify the problems and how those can be solved. Once these consultations are over, the finance and commerce ministers will be meeting to sort out the main problems, based on which incentives will be announced to support the sector."
    The board is an advisory body on foreign trade to the government. The meeting is to be chaired by commerce and industry and textiles minister Anand Sharma. There will be representation from the ministries of finance, external affairs and micro and small and medium enterprises, among others.

    Source - http://www.business-standard.com