(a) whether the Union Government has taken a decision to provide
some kind of assistance to Indian companies undertaking projects abroad;
(b) if so. the details thereof; and
(c) the norms/criteria fixed in this regard?
(a) whether the Union Government has taken a decision to provide
some kind of assistance to Indian companies undertaking projects abroad;
(b) if so. the details thereof; and
(c) the norms/criteria fixed in this regard?
MINSTER OF THE STATE IN THE MINISTRY OF FINANCE
(SHRI P. CHIDAMBARAM)
(a), (b) and (c): A statement is laid on the fable of the House.
Statement referred in reply to parts (a) to (c) of the Lok Sabha Starred
Question No. 171 for answer on 9th March, 2007 by Shri Girdhari Lai Bhargava
and Sbrimati Kiran Maheshwari regarding Financial Assistance to Indian
Projects Abroad.
(a), (b) and (c): The Union Government has taken several steps from time
to time to encourage exports, including project exports. Some important steps
for assistance to Indian companies undertaking projects abroad, arc the setting
up of Project lixport Promotion Council and establishment of a National Export
Insurance Account to provide Insurance Cover lor medium and long term exports
including project exports.