ANNOUNCEMENT 21 Jan 2014

In January 2014, the government of India announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 21 Jan 2014 | Removal date: 19 Jan 2024
Still in force

Export subsidy

 On 21 January 2014, the Ennore Port Limited Ltd (EPL) and Ford India Pvt. Limited signed an agreement to incentivise exports of Ford cars through the Ennore port for a period of ten years. The agreement provides discounts on wharfage ranging from 5% to 30% to encourage more exports through EPL. Ford India Pvt. Ltd. has an export targeted manufacturing facility near Chennai.
 
EPL is a public incorporated company, owned 66.67% by the Government of India and 33.33% by the Chennai Port Trust. 

AFFECTED SECTORS