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Food processing machinery industry growing rapidly
date:Sep 04, 2012
multiplied by the banks and FIs, from US$17.41 billion during 2003-04 to over US$23.76 billion during 2005-06.

Full Duty Exemption on all imports for units in Export Processing Zones
Zero Import Duty on Capital Goods and Raw Material
Income Tax Rebate
Cut in Customs Duty on Packaging Machines.
Central Duty on Meat, Poultry, and Fish Reduced to 8 per cent.

The liberalised policy with specific incentives provides a conducive environment for investment and exports in the industry and import

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