Home / HEADLINES / INDIA / FIEO urges govt to announce measures to boost country’s outbound shipments

FIEO urges govt to announce measures to boost country’s outbound shipments

FIEO also demanded tax deduction on Research and Development investments, cut in corporate tax, reducing customs duty on capital goods which are not produced in the country, and higher budgetary allocations for the Department of Commerce.  

In a statement, the Federation said, it has urged the government to provide income tax relief to units which provide additional employment in export sector. It said that incentives should also be provided based on twin criteria of incremental growth in exports and workers. The country’s exports grew by 9 per cent to 331 billion US Dollars in 2018-19. 

Please share this news