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RE: New FTP policy extends Rs 369 crore MEIS benefit to ESDM sector

The changes made in this review majorly focus on reducing blockage of working capital and simplifying procedures for exporters, and self-certification. For MSMEs/labour intensive industries across-the-board, 2 percent incentive rate has been raised in existing MEIS for exports under revised policy with an intention to supports manufacturing and promote export in the respective sectors.