The Hindu Business Line : `5% duty credit will boost TN poultry exports'

THE Namakkal-based poultry sector is on high spirits on the Union Commerce Minister's announcement of extending the `Vishesh Krishi Upaj Yojna' scheme to the poultry exporters under the annual supplement to the foreign trade policy 2004-09.

The new benefits confer granting credit of 5 per cent of the export value for shippers of the poultry products which include shell egg, egg powder and processed poultry meat, according to the poultry industry in the State.

"The new benefit for which the poultry sector has been pleading for quite some time will propel additional investment in the poultry sector towards development and modernisation of poultry farms, including expediting farm mechanisation," said Dr P. Selvaraj, Chairman of the Namakkal zonal committee of the National Egg Coordination Committee (NECC).

He said so far the Government concession to the poultry exporters was limited to 50 per cent freight subsidy and now with the Government extending the 5 per cent duty credit it would indirectly boost the growth of the poultry sector as a whole.

Exports of shell egg from Namakkal poultry region have kept surging in the past one year recording an annual growth of 20 per cent. During 2004-05, the region had exported 64 crore eggs valued at Rs 122 crore and these exports are mostly for the West Asian markets. The State's egg trade expect exports during the current year to jump by another 25 per cent.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Pvt bankers see rich harvest in agri credit

SBI to provide loan for jatropha cultivation in TN

Forex earner

Simbhaoli plans new model to double capacity

Mixed trend at Kochi tea sale

Teaserve auctions post lowest realisation

Cotton to rise further

Cotton yield up 46% in last two seasons: CCI

`5% duty credit will boost TN poultry exports'

China keen to offer farm, dryland tech to Karnataka

`Political consensus needed for FDI in retail trade'

Co-op debt trap looming large in Kerala: Expert