Commerce Ministry can think of extending more incentives to the exporting sectors: MSME Secretary

New Delhi, Mar 31 (KNN) Urging the exporters to take advantage of the MSME schemes, MSME Secretary KK Jalan said commerce ministry can think of extending more incentives to the exporting sectors which create more employment.

Addressing the function of Federation of Indian Export Organisations (FIEO), Jalan said that exports are crucial for country to boost growth and create employment.

Meanwhile, the Director General of Foreign Trade (DGFT) A K Bhalla said there would be certain changes in the export related schemes due to implementation of Goods & Services Tax (GST),

Bhalla also said that the ministry is currently undertaking the stakeholders' consultation for the mid-term review of the FTP.

"There is going to be certain changes (in the FTP)" due to the implementation of GST, he said.

"We have (to) re-write some of the schemes," he added. The GST will subsume excise, service tax and other local levies.

Bhalla also sought views of FIEO members for the review of the FTP.

FIEO President S C Ralhan said that exports are growing since the last five months and it has recorded double digit growth in February.

"Going by this trend, India's exports may reach USD 270 billion by end of this fiscal," he said. (KNN Bureau)