Budget 2024: R&D boost, Indian shipping line will give an impetus to exports, says industry

Quick Summary:

With India’s target of achieving $1 trillion in exports by 2030, introducing policy provisions that give a push to the sector becomes crucial.

This can help to reduce the arm-twisting practices of foreign shipping lines, which will be particularly helpful for MSMEs.“India’s outward remittance on transport services is increasing with rising exports.

For the footwear and leather industry, Dawar says all raw materials for value addition should be put under a zero-duty structure for five years.“Within these five years, such industries should be promoted in India.

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Article Details

Author / Journalist: Neha Dewan

Category: Business

Markets: IndiaChina

Topics: MSMEs Eco-friendly materials Indian shipping line Puran dawar Exports Manufacturing sector Fieo

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 10:15:04 (4 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1341 words

Reading Time: 8 minutes read

Sentences: 36 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21744276

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