Continuous growth in exports for 6 months augurs well for the economy & shows export resilience: FIEO PresidentBack
3 Sep 2021, 11:59 — 4 min read
The trade data for August, 2021 shows an impressive growth of 45 percent with exports touching USD 33.14 billion.
The top sectors, which performed impressively were Engineering Goods, Petroleum Products, Gem & Jewellery, Organic & Inorganic Chemicals, Drugs & Pharmaceuticals, Cotton, Handloom Products, Electronic Goods, Plastic & Linoleum and Rice.
Further, FIEO is of the view that though the government has announced a slew of measures to support exports including the announcement of much awaited RoSCTL and RoDTEP, however the need of the hour is to soon address the left out key issues on RoDTEP front. Besides issues including priority status to exports sector, release of the necessary funds for MEIS and clarity on SEIS benefits, resolving risky exporters issues, augmenting the flow of empty containers and establishing a regulatory authority to seek justification of freight hike and imposition of various charges by the shipping lines need urgent intervention of the government. FIEO Chief requested the Government to provide freight support to all exports till 31st March 2022 as freight rates have skyrocketed and likely to sombre by March 2022.
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Posted byFederation of Indian Export Organisations
FIEO is the apex international trade promotion organisation of India. Directly and indirectly it represents the interest of over 200,000 exporters in India. FIEO has 17 offices in...
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