The government will announce sector-specific stimulus packages over the next four to six weeks in addition to the two previous packages to protect jobs, said Ashwani Kumar, the Minister of State for Industries in an article published by (http://smetimes.tradeindia.com/smetimes/news/top-stories/2009/Feb/02/special-packages-to-protect-jobs-soon-ashwani-kumar.html)
The government is considering a package to support small business owners, specifically the export industry, which has posted negative growth for three straight months.
“The proposed stimulus packages will focus on export-oriented sectors as well as industries that employ a large number of people, like automobile, textiles, leather and construction,” said Kumar after inaugurating the 24th India International Leather Fair.
According to him, the government’s focus is to protect and minimize job losses rather than offer subsidies to the industries.
