01 September 2004
Government of India shall make concerted efforts to promote exports in these sectors by specific sectoral strategies that shall be notified from time to time.
Further Sectoral Initiatives in other sectors will also be announced from time to time.
For the present, the thrust sectors indicated below shall be extended the following facilities:
(i)Agriculture
(a) A new scheme called the Vishesh Krishi Upaj Yojana (Special Agricultural Produce Scheme) for promoting the export of fruits, vegetables, flowers, minor forest produce, and their value added products has been introduced (Para 3.8). (b) Funds shall be earmarked under ASIDE for development of Agri Export Zones (AEZ) (c) Import of capital goods shall be permitted duty free under the EPCG Scheme (d) Units in AEZ shall be exempt from bank guarantee under the EPCG Scheme. (e) Capital goods imported under EPCG shall be permitted to be installed anywhere in the AEZ. (f) Import of restricted items, such as panels, shall be allowed under the various export promotion schemes . (g) Import of inputs such as pesticides shall be permitted under the Advance Licence for agro exports. (h) New towns of export excellence with a threshold limit of Rs 250 crore shall be notified.
(ii)Handlooms :
