Entrepreneurship Development and Communication Skills

7.3.7. Special focus initiatives

Marine products exports are benefited by these special initiatives

The major benefits are as follows:-

1. Market Diversification

To insulate Indian exports from the decline in demand from developed countries, Policy focus is given on diversification of Indian exports to other markets, specially those located in Latin America, Africa, parts of Asia and Ocenia. To achieve diversification of Indian exports, following initiatives have been taken.

a. 26 new countries have been included within the ambit of Focus Market Scheme.

b. The incentives provided under Focus Market Scheme have been increased from 2.5% to 3%.

c. There has been a significant increase in the outlay under ‘Market Linked Focus Product Scheme’ by inclusion of more markets and products. This ensures support for exports to all countries in Africa and Latin America.