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This is an archive article published on March 1, 2009

Rs 325-cr package only for exports to US,EU: Nath

The government today announced that incentives under a Rs 325-crore package for leather and textile exports would be available only on shipments to the US and Europe...

The government today announced that incentives under a Rs 325-crore package for leather and textile exports would be available only on shipments to the US and Europe and were limited to six months from April 1.

The government announced the multi-crore package on Thursday to support exporters hit by demand slump in the US and Europe,pending a decision on who would benefit from it.

“This incentive will be available on exports to the European Union and the US only. The benefit will be for six months,” Commerce Minister Kamal Nath said.

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