Exim policy to push up exports, says Kovai chamber

COIMBATORE: Welcoming the ''mini exim policy'' announced by Commerce Minister Arun Jaitley, the local chapter of Indian Chamber of Commerce and Industry has termed it as ‘export-oriented’.
The policy focused on measures to bring down the transaction cost with a view to consolidating and accelerating incremental growth rate of export to make the country a manufacturing hub for quality goods and service, chamber President A Shaktivel said in a statement on Saturday.
Removal of quantitative restrictions on import of gold and silver and new gold card scheme for exporters would certainly provide an impetus for growth of jewellery exports.
The simplification of sampling procedures for edible oils and food products under the Prevention of Food Adulteration Act would benefit the companies that complied with regulations and enable quick movement of perishable items, he said.