Question
Export promotion measures for Indian businesses
Answer :
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Export promotion measures are policies and initiatives adopted by the Indian government to encourage domestic businesses to sell goods and services in international markets. Exports contribute to economic growth, foreign exchange earnings, employment generation, industrial development and integration with the global economy. One important measure is the provision of financial incentives and assistance to exporters. Schemes such as the Remission of Duties and Taxes on Exported Products (RoDTEP) help refund certain duties and taxes borne by exported products. The government also provides support through institutions such as the Export-Import Bank of India (EXIM Bank) and Export Credit Guarantee Corporation (ECGC), which facilitate export finance and protect exporters against
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