Budget should revamp SEZ policy to boost food exports: Trade Promotion Council of India

New Delhi: To boost exports and revitalise the agriculture sector, a key trade promotion organisation has recommended to the government to revamp SEZ (special economic zone) policy for food exports.

Accordingly, the Trade Promotion Council of India recommended this step to the government for the upcoming Budget 2020-21.

TPCI Chairman Mohit Singla said: "India has huge potential in the food exports and global investors are looking at SEZ as one destination for investing". "Due to lack of incentives for value added F&B manufacturing and exports is inhibiting them to come to India," he added.

According to TPCI, foreign investors should be allowed to import raw materials at zero duty and avail duty rebate proportionate to value addition.