||India : Indian Govt. to boost exports with new infrastructure development funding scheme
||In a bid to promote exports, the government has announced a new scheme to fund infrastructure development.
The new scheme, called, the Trade Infrastructure for Export Scheme, will be executed from 1st April.
With an annual expenditure of Rs 200 crore, its budgetary allocation will be Rs 600 crore for 3 years.
The scheme will provide aid to establish and upgrade infrastructure projects with overwhelming export linkages like border haats, land customs stations, quality testing and certification labs, cold chains, trade promotion centres, dry ports, export warehousing and packaging, special economic zones, ports and airports.
Commerce and industry minister Nirmala Sitharaman, said,"It is going to be on participative basis and the focus is not just to create infrastructure and leave it but to make sure it is professionally run and sustained."