Following are the highlights of the annual review of the five-year foreign trade policy, unveiled by Commerce Minister Kamal Nath:
* Exports log $101 billion in 2005-06
* Growth target for export set at 20 per cent
* Focus on job creation, policy to create two million jobs
* Imports increase to $140 billion
* Scheme for job growth in rural areas expanded, to cover village and cottage industries
* Thrust on making India gems and jewellery and automotive hub
* Boost to services exports
* New "Focus Product and Focus Market" schemes introduced
* Import of precious metals and stones made easier
* Import of new vehicles by component manufacturers made easier
* Clear guidelines for import of genetically modified crop inputs
* Food supplies to international flights to be treated as exports
* Advance licensing and duty-free replenishments schemes clubbed
* New scheme called duty free import authorisation scheme launched
* Export promotion credit guarantee scheme made flexible
* Un-rebated service tax and fringe benefit tax to be factored in various schemes for exporters
{{/usCountry}}* Un-rebated service tax and fringe benefit tax to be factored in various schemes for exporters
{{/usCountry}}* Interest on delayed payment on refund to be paid by government
* Fast track clearance procedures for export oriented units
* Major trade facilitation measures announced