India's poultry sector calls for more government incentives

The National Egg Coordination Committee (NECC) in India has urged the government to include in its Union budget to extend specific incentives/supportive measures to the poultry industry.

In a statement, NECC proposes a ban demanded ban forward trading in corn and soymeal, extension of moratorium on bank loans at least for three years, interest in funding of eight percent on the loans and allocation of funds exclusively for eggs in the diet provided under the mid-day meal scheme.

The committee also pleaded to relax payment of sea freight subsidy on export of table eggs.

The group also said that the poultry industry - which contributes Rs.45,000 crore to the GNP in the past three years, is facing a severe crisis.