Timely support through interest equalisation to propel exports: FIEO

Ludhiana, March 8, 2022: Commenting on the extension of the Interest Equalisation Scheme (IES), Dr A Sakthivel, President, FIEO said that the continuity of the IES scheme from 1.10.21 to 31.3.24 has provided the stability, which will help the exporters at a time when export orders are flowing to India. The scheme will enable exporters to take a look at their long-term position. Since the interests are looking to firm up, the help extended by the scheme is most timely added FIEO President.
 
He thanked the Prime Minister, Commerce & Industry Minister, Finance Minister and RBI Governor for supporting and facilitating the scheme. The upfront exemption provided with effect from 1st April 2022 will reduce the liquidity requirements of exporters added Dr Sakthivel.