‘Extend RoDTEP scheme to boost tobacco exports’
The Hindu
Exports have declined by 67 million kg and ₹1,070 crore since 2013-14
The Indian Tobacco Association has appealed to the Centre to extend benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to the tobacco sector. The exports mainly include value-added products such as flue-cured Virginia tobacco and tobacco products. “As there is no level-playing field in the international market, India’s exports of unprocessed tobacco have fallen sharply,” association president Maddi Venkateswara Rao said in a statement recently. From 236 million kg by volume and valued at ₹4,850 crore in 2013-14, tobacco exports declined to 169 million kg and ₹3,780 crore in 2020-21, the association said. It said this seeking to highlight how India, with a wide range of soils and climatic conditions conductive for tobacco production, is well positioned to become a major player in the global market if it can harness emerging opportunities through price competitiveness. Steep increases in the cost of cultivation, transportation and logistics, however, have adversely impacted the price competitiveness of Indian tobacco.More Related News