ANNOUNCEMENT 25 Nov 2013In November 2013, the government of India announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 25 November 2013, the Cabinet Commitee on Economic Affairs India approved the continuation of the Agricultural Export Promotion Plan Scheme of the Agricultural and Processed Food Products Export Development Authority (APEDA) in the 12th five year plan (2012-2017).
The scheme's objective is to enhance the capability of the Indian exporters of agro products. The total budget allocation for the scheme is INR 1100 crores (~USD 180 million) divided over the years into four components - Infrastucture development, transport assistance, market development and quality development.
(All amounts in INR crores - 1 crore INR = 10 million INR)
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
* INR to USD conversion at the rate of INR 61.40/USD
** Approval for the actual expenditure in 2012-13 has been sought from the Integrated Finance Division. The above-described measure legalizes the outlays ex post.