Following are the highlights of the Annual Supplement 2006 to the Foreign Trade Policy unveiled by Commerce and Industry Minister Kamal Nath on Friday.
- Exports cross $100 bn to touch $101 bn in FY'06
- Imports increase to $140 bn
- Vishesh Krishi Upaj Yojna (VKUJ) expanded
- VKUJ to cover village and cottage industries
- Target Plus Scheme scrapped
- Focus Product & Focus Market schemes introduced
- Precious metal & stones imports to be made easier
- Import of new vehicles by component mfrs made easier
- Clear guidelines for import of GM crop inputs
- Food supplies to internat'l flights treated as exports
- Advance Licensing and DFRC schemes clubbed
- New scheme called Duty Free Import Authorisation scheme
- Export Promotion Credit Guarantee scheme made flexible
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