The government to boost its MSME (micro, small and medium enterprises) products in international markets has decided to give upto 50 percent subsidy to exporters on total freight charges paid on good shipped through ports outside the State.
According to the draft export policy, the exporter will get reimbursement upto 50 per cent on the total cost of transportation subject to a ceiling of Rs.50, 000 on goods shipped outside State port, provided ports within the State do not have facilities for handling such cargo.
The Finance department has agreed to the proposal for providing incentives to the exporters for publicity and exposure of their merchandise.
Sectors so far identified having potential for exports include handicrafts, handloom, textiles, engineering and chemicals, marine products, agro and forest products, pharmaceuticals, electronics and software products as well as gems and jewellery.
The draft export policy which is given a final shape aims at identifying sectors which are already contributing or have the potential to contribute to exports. It will also try to find the stumbling blocks and help the sectors to overcome them to achieve their full potential.
Also infrastructure constraint needs to be addressed to boost exports.
Eastman introduced Naia™ Lyte, a new cellulose acetate filament yarn, at the Intertextile Shanghai Apparel Fabrics Spring/Summer 2026 exhibition.
Ecco, Spinnova have introduced the Ecco BIOM 720 shoe. This product is unique as it uses leather by-products that are…
Xefco has deployed its Ausora system, marking the first time a waterless plasma textile dyeing machine has been deployed at…
trinamiX is helping manufacturers, recyclers, sorters, and brands improve material identification through its mobile near-infrared spectroscopy technology.
The Bezos Earth Fund has announced an investment of $34 million to support the development of new materials for the…
STCH is working on a system called “fabric GPT.” This tool is trained on large amounts of data related to…