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India to reimburse freight for exports of some farm products

NEW DELHI (Reuters) - India will provide federal support for the transportation of some farm products to make Indian goods more competitive in foreign markets, the government said in a statement on Tuesday.

The scheme will be applicable for a year to March, 2020.

The government will reimburse the freight paid by Indian exporters through a cash transfer to their bank accounts, the statement said.

The free-on-board deals, where the buyer pays the freight, will not be covered by the scheme.

It excludes key export items such as wheat, rice and meat.

(Reporting by Rajendra Jadhav; editing by David Evans)