I (Meaning and importance of Exports) Unit Structure

(b) Focus Market Scheme 
 
Under this scheme 26 new markets have been added. 
These include 16 new markets in Latin America and 10 in Asia-
Oceania. 
The incentive available under focus market scheme has 
been raised from 2.5% to 3% of FOB. 
2. Technological Up gradation 
Indian firms are encouraged to adopt technological up 
gradation with a view to raise competitive capacity. Technological 

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up gradation will enable Indian industries to produce goods of 
internationally acceptable standards. Technological up gradation 
will improve quality of Indian goods, reduce the cost of production 
and will increase competitive strength in the global market. 
3. EPCG Relaxations 
To increase the life of existing plant and machinery, export 
obligation on import of spares, moulds etc. Under EPCG scheme 
has been reduced to 50% the normal specific export obligation. 
Re-fixation of annual average export obligation for a 
particular financial year, in which there is decline in exports from 
the country, has been extended for the 5 years policy 2009-14. 
The application and redemption forms under EPCG scheme 
have simplified. 
4. Green Products from North East 
Focus product scheme benefit has been extended for export 
of „Green Products‟ and for some other export products originating 
from north eastern region. 
5. Status Holders 
To accelerate exports and encourage technological up 
gradation, additional duty credit scrips shall be given to status 
holder @ 1% of the FOB value of past exports. The duty credit 
scrips can be used for procurement of capital goods with actual 
user condition. This facility shall be available for sectors of leather, 
textiles, jule, handicrafts, engineering units, plastics and basic 
chemicals, subject to certain exclusions. 
Transferability of duty credit scrip being issued to status 
holders under (VKGUY) Vishesh Krishi Gram Udyog Yojana has 
been permitted. This is subject to the condition that transfer would 
be only to status holders and scrip would be utilized for the 
procurement of cold chain equipments only.