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April 23, 1998

POLICY CHANGES FOR SOFTWARE EXPORTERS IN INDIA SOON

By CBR Staff Writer

The ministry of commerce in India is expected to release a comprehensive package for policy change to boost software exports. These include changes in the banking system to provide easier finance to this sector and an apex committee for raising finances. The apex committee will look into the possibility of loans without mortgage of physical assets. The committee will also look into problems of working capital requirements and duty exemptions.

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