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NEW INDIAN POLICY WANTS CORPORATE TAKEOVER OF AGRI-EXPORT ZONES.

AsiaPulse News

| April 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, April 1 Asia Pulse - The new Exim policy for the new fiscal has called for a major thrust in agri-exports zones (AEZs) with increased participation of the corporate sector and concessions in duty drawback schemes.

Sanction has already been given to 45 commodity-specific agri-export zones and the scheme is to be given a further boost under the new policy with corporate ownership and takeover.

The policy for 2003-04 announced by Commerce Minister Arun Jaitley calls for the encouragement of the "corporate sector with proven credentials to sponsor new zones or takeover of already notified zones or their part for boosting agri-exports".

These corporates will be providing services such as pre and post harvest treatment and operations, plant protection, processing, packaging, storage and related research.

It allows agriculture and ...

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