The Federation of Indian Exporters Organisations (FIEO) officials are pushing for fiscal and non-fiscal incentives for exporters in Gujarat. The state currently accounts for 25 per cent of India’s total exports in sectors such as pharmaceuticals, textile, ceramics, chemicals, gems and jewelery and even auto components. It aims to increase these exports to 33 per cent by 2020.
The state government will roll out an exports policy soon. These incentives will help boost growth of Small and Medium Enterprises (SMEs) to a great extent. At the same time, non-fiscal incentives in the form of ease of doing business initiatives to address industry problems will be crucial for exporters. In a move to facilitate ease of doing business for exporters, the Union minister also emphasised on better financing by banks.