‘India’s Foreign Trade Needs Tax Sops, Support For R&Amp;D’Title

As Finance Minister Nirmala Sitharaman prepares to present her first Union Budget on July 5, trade associations involved in import and export want the government to take several steps to boost India’s cross border trade. Trade Promotion Council of India (TPCI) in its budget recommendation has said that the government should incentivise the exporters whose “geographical diversification is more, and not concentrated in terms of outreach and extension product and country wise”.