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Export
Leather and leather goods industries, high and high value
added readymade garments, computer software and agro-processing
sectors have been identified as thrust' sectors for export.
Although the leather and leather goods sector has enormous
export potential the sector has not been able, till date,
to achieve desired results. On the other hand, the readymade
garments sector is expected to stage a breakthrough in the
export of high-priced, high value added garments of newer
categories after having survived successfully the initial
phase of exporting low-end garments. Like wise computer
software and agro-processing sectors could not record the
desired level of export through the sectors offer bright
prospects for earning foreign exchange.
Import
Government is sincerely committed to fostering
a gradual development of free market economy in the light
of GATT agreement. In the interest of export promotion &
investment in the country it is necessary to have a long
term, stable, facultative & liberal Import Policy. With
this and in view the present democratic government has taken
steps to extend the duration of the Import Policy from two
years to five years. Efforts have been made to make the
Import Policy easier and more liberal by relaxing or rescinding
the regulatory provisions of the previous Import Policy.
Provisions have already been made to allow import of capital
machinery and industrial raw materials on consignment basis
without the cover of the Letter of Credit. Government has
taken steps for quality control in the import of cement,
fertilizer etc. In order to protect the interest of the
consumers. Steps are afoot to ensure that in future all
imported consumer items conform to a specified standard
of quality. In the present Import Policy Order second hand/reconditioned
machinery are importable subject to fulfillment of certain
conditions.
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