Incentive scheme for exporters based on progress
Cabinet approval has been granted to launch an incentive scheme for exporters based on export progress.
Cabinet Spokesman and Media Minister Dullas Alahapperuma said so while participating in the weekly Cabinet media briefing at the Government Information Department yesterday.
Accordingly, exporters who have increased their export earnings in the first quarter of this year compared to last year will be paid an additional Rs.30 per dollar.
The incentive scheme aims to earn an additional US $ 5,500 million by 2022 from export earnings compared to 2021.
A Cabinet Memorandum was submitted by
Trade Minister Dr. Bandula Gunawardena in this regard was approved at the recent Cabinet meeting, Cabinet Spokesman Alahapperuma said.
This is expected to alleviate the difficulties faced by exporters such as high inflation, severe foreign exchange deficit, restrictions on imports of raw materials and high operating costs.