![]() |
| Headlines Vol. 3 Issue 23 -24 | October22 - November6, 2000 |
Export Development Fund for NE formed Union Commerce Secretary Prabir Sengupta has informed that an Export Development Fund (EDF) has been set up with an initial corpus of Rs. 5 crore for development of exports from the North-East region. The Union Commerce Secretary, who heads the high-powered committee of Government of India, informed that the EDF had been set up as a follow-up action to the announcement made by the Prime Minister in this regard in Shillong in January this year. Further contribution to the EDF may be provided by the Ministry of Commerce and Industry from any other budgetary and non-budgetary sources as identified by the government. The fund will be managed by the Agricultural and Processed Food Products Export Development Authority (APEDA) under the instructions of department of commerce. The high powered committee recently had a
meeting with the Chief Secretaries and other officials of the North-Eastern region in
Guwahati and promised to set up more customs points in the region to promote border trade.
In respect of standing demand for transit facility to
Bangladesh through the North-Eastern region, the Union Commerce Secretary informed that
the matter had been taken up with Bangladesh and discussions continued.
|
| | Assam | Oriental Times(Headlines) | Nena Home Page | |
Your Visit No
Since April 20, 2000