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ONE area that has been untouched is the support to the State Government, the Greater Mysore of Chambers and Industry (GMCI) said of the Exim Policy.
What is striking about the policy all these years is the lack of support to State Governments, said Mr S. Thukral, President, GMCI. There are no incentives for the States to get involved in
expzorts, and their promotion and development.
There have been proposals in the past, for instance, Mr Ramakrishna Hegde, when he was Commerce Minister, had recommended that each State should be given Rs 100 crore to develop exports. "Last year's Budget too mentioned something of the sort, but nothing concrete has been done,'' GMCI sources said.
States like Karnataka, which recently announced the removal of entry tax and taxes on packaging material for exports, lose a lot of revenue by providing such incentives. This should be compensated, according to the chamber.
The State Governments should be given a portion of foreign exchange earnings in proportion to the forex they have earned. GMCI has made a pitch for this in the Eleventh Finance Commission, the chamber pointed out.
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