Govt may double Rs.10k cr export support fund
New Delhi, Feb. 25 -- Amid global headwinds and trade uncertainties, the government is considering doubling the size of the Rs.10,000 crore fund proposed for export support in the Union budget of 2026-27 so as to incentivise labour-intensive sectors, particularly processed food and agricultural exports, two officials said.
The government on Tuesday exempted agriculture and food processing sectors from its Monday order that halved the rate of the duty benefits for various exports and capped the maximum amount under the Remission of Duties and Taxes on Exported Products (RoDTEP). The scheme provides for rebate of levies borne on such exports that do not avail refunds under any scheme.
In a corrigendum to Monday's notification, the Directorate...
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