The Export Oriented Unit scheme was launched in 1980 in India to boost exports and increase production. Though a number of provisions and exemptions including fiscal and non-fiscal incentives have been extended to the scheme, the performance of EOUs has been far from satisfactory, particularly in the last few years. If India is to achieve its target of $900 billion exports by 2020, the scheme needs a relook. This is pertinent given India's declining exports.
