Sharma to meet Chidambaram to seek sops for exports

November 12, 2012 20:45

Admitting that a US$ 360 billion export target is difficult to achieve, Commerce and Industry Minister Anand Sharma today said he would soon meet the finance minister to seek subsidy on loans for certain sectors to boost industrial production and exports.

Sharma said that interest subvention is critical for some sectors, both from the point of view of manufacturing as well as exports.

"We need to add more sectors under the interest subvention (scheme), like all the SMEs have been given, interest subvention of two per cent. I proposed to discuss this with the finance minister very soon, so that we can take a considered view on this matter," he said.

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