The Central Government is expected to announce more sops for the still struggling apparels, leather and engineering sectors in the next week.
The Commerce Ministry had conducted a review of these sectors and came to the conclusion that these sectors still need to be helped out, despite overall export monthly figures turning positive since the last 3-4 months.
In the recently declared union budget, the government had extended the 2 percent interest subvention scheme for the next fiscal; however sectors like garments and leather had been removed from the list.
Overall exports from India during April-January 2009-10 had declined by17.8 percent, when compared with the same period, a year ago. Clothing exports fell by 13 percent in January 2010 from that in January 2009.
Source : fibre2fashion.com