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Sops for large value exports

Mumbai, Sept. 28 (PTI): The Reserve Bank of India has extended the special financial package for large value exports by one year till September 30, 2003.

The RBI had, in September last year, offered the special financial package for large value exports of select products, which were internationally competitive and have high value addition, the apex bank said in a release here today.

RBI had stated that the package would be valid for a period of one year up to September 30, 2002. The package was extended for large value exports of 10 select products—pharmaceuticals, agro chemicals, transport equipment, cement, iron and steel, electrical machinery, aluminium, petroleum products, sugar and foodgrains.

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