Studying transport subsidy for states to boost agri exports: Prabhu

TIL Desk/Business/New Delhi/ The Centre is looking at providing transport subsidy to states in a bid to promote agricultural exports, Commerce Minister Suresh Prabhu said on Thursday. Speaking to reporters following a meeting here of the Council for Trade Development and Promotion (CTDP), Prabhu said that this was among the various issues discussed at the CTDP meeting.

“We are considering to give transport subsidy to states. It is under active consideration to promote agriculture exports,” Prabhu said. Representatives from 10 states and union territories attended the meeting, while Ministers from Arunachal Pradesh, Assam, Karnataka, Odisha, Tamil Nadu, Punjab, Nagaland, Uttarakhand and Uttar Pradesh addressed the participants, a Commerce Ministry release said.

Prabhu also said that the Union Financial Services Secretary would meet with banks on credit issues being faced by exporters. “Lending to exporters should be treated as a priority sector credit as funding to them has declined significantly in the recent past,” he said.

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