Export Promotion Capital Goods (EPCG) Scheme
The EPCG scheme allows MPEDA-registered exporters to import capital goods (e.g., automated processing machinery, cold storage units, pre-processing/grading equipment) at 0% customs duty. To help exporters upgrade infrastructure and enter new global markets, MPEDA offers capital subsidies and direct financial assistance, including:
– Infrastructure & Value Addition: Subsidies for setting up state-of-the-art seafood processing plants, IQF machines, and modernized cold chains.
– Aquaculture Support: Capital subsidies covering up to 50% of the cost for setting up specific aquaculture/ornamental fish units up to 75% for SC/ST, Northeast, and island regions.
– Marketing & Trade: Financial aid for participation in international seafood fairs, B2B meetings, and attaining global quality certifications.