Related Keywords: Commerce and Industry Minister, create value chains, enjoy GSP benefits, export in the EU and US, four South Asian countries, Fourth India CLMV Business Conclave, imports are allowed at zero or less duty, Indian manufacturers setup businesses in Myanmar, Nirmala Sitharaman, organised by Department of Commerce and Confederation of Indian Industry
Commerce and industry minister Nirmala Sitharaman at the Fourth India-CLMV Business Conclave organised by the Department of Commerce and Confederation of Indian Industry said that if Indian manufacturers setup businesses in Myanmar, they will enjoy GSP benefits to export in the EU and US.
Hence, the government is encouraging Indian manufacturers to create value chains with four South Asian countries to leverage the benefits doled out by the US and EU to the exporters of less developed countries.
