News Details

Govt mulling ways to provide incentives to merchant exporters

 

The government has started to promote merchant exporters, who, even after contributing almost a third of India’s exports in value terms, cannot avail of some incentives meant for manufacturer exporters. It is said that the slow growth in India’s exports has prompted the government to take this line.

 

Merchant exporters are those who do not own manufacturing facilities but buy goods from manufacturers here and sell the same to overseas customers. They have the capacity to procure goods from many sellers and sell them to foreign buyers after negotiating the best prices. They are usually able to negotiate prices with buyers, sellers and shipping lines that are better than regular exporters.

 

The Department of Commerce is thinking of ways to reduce the cost of credit to them, reports said.

 

Source : Exim News Service - New Delhi, May 15

EXIM INDIA PROFILE

click here!!

Search News

Currency Import Export
U.S.Dollar 69.29 68.39
U.K.Pound 90.95 89.09
Euro 80.84 79.47

As On 19th July, 2018

more forex rates...

Currency Import Export
U.S.Dollar 69.70 68.00
Sterling Pound 92.70 89.40
Euro 81.90 78.70

w.e.f. 06th July, 2018

more custom rates...

CURRENT EVENT