Exports to reach USD 260 billion this fiscal: Ralhan
Author(s): City Air NewsNew Delhi, February 15, 2016: Reacting to the trade data for the month of January 2016, exhibiting 14 months of continuous decline, Mr S.C.Ralhan, President FIEO said that we may end up with exports of around US$...
cityairnews
Feb 15, 2016 12:30
0
New Delhi, February 15, 2016: Reacting to the trade data for the month of January 2016, exhibiting 14 months of continuous decline, Mr S.C.Ralhan, President FIEO said that we may end up with exports of around US$ 260 Billion in 2015-16. However, looking at the exports globally, we are no exception as even leading exports nations have witnessed more or less the similar trend.
Mr Ralhan said that the decline in manufacturing growth and more particularly double digit decline in capital growth manufacturing should be viewed seriously as the same with decline in imports of key raw material does not augur well for future exports as well. President FIEO said that 17 out of 30 sub-sectors are in red in January, 2016 as against 15 out of 30 in December, 2015.
FIEO Chief said that the problem of transfer of shipping bill, verification of MEIS, delay in release of duty drawback and interest subsidy has seriously affected the liquidity of exporters and government should ensure that the benefits announced through policy measures reach the exporters.
