The Government has undertaken the following key measures for promotion of exports, including for promotion of exports of perfumes:

 

1.           A new Foreign Trade Policy 2015-20 was launched on 1.4.2015.  The  Policy, inter-alia, introduced a new scheme namely, Merchandise Exports from India Scheme (MEIS) for improving exports of goods. Incentive rewards under the MEIS are available for exports of perfumes.
2. Interest Equalization Scheme on pre and post shipment rupee export credit was introduced from 1.4.2015, providing interest equalization for   labour intensive/MSME sectors, which included the perfume sector.
3.   A new scheme called “Trade Infrastructure for Export Scheme (TIES)” was launched with effect from 1.4.2017 to address the export infrastructure gaps in the country. No proposal has been received under TIES so far from the State Government or any agency seeking financial assistance for the manufactureand export of perfumes at Kannauj in Uttar Pradesh.

 

This information was given by the Minister of State in the Ministry of Commerce and Industry, Hardeep Singh Puriin a written reply in the Lok Sabha today.

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MM/SB

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