The government may selectively extend more sops to exporters rather than withdrawing the stimulus given to them last year in the face of global slowdown, Commerce and Industry Minister Anand Sharma said.
“The engineering sector may need some support. For the apparel and handicrafts we will see if we can do something more. We will review and see if we can give some more incentives,” Mr. Sharma said.
Mr. Sharma had gone to Kathmandu to sign a new India-Nepal trade treaty on October 27, while in Cairo he attended a consultation meeting with African nations on WTO negotiations on October 29.
Mr. Sharma was categorical about continuation of the stimulus package as the exporters remain in trouble despite containment in damages.
“It is premature even to think on exiting the contra-cyclical measures,” he said.