Exports on course, to reach target with little push in 4 months: FIEO President
Updated: Dec 17, 2014 01:14:24pm
New Delhi, Dec 17 (KNN) With a little push during the next four months, we can achieve the export target of USD 340 billion that was fixed for the current fiscal, according to President, Federation of Indian Export Organisations (FIEO), M Rafeeque Ahmed.
Ahmed said that the exports have already reached USD 216 billion and with exports of USD 31 billion each month, we would certainly reach the target, according to an official release.
However, he reiterated his demand for immediate reintroduction of Interest Subvention Scheme with effect from 1st of April, 2014 as interest burden is hitting the small exporters who are losing their export competitiveness saddled with high interest rates.
Meanwhile, reacting to the Trade Data for the month of November 2014, FIEO President said that the positive growth of 7.3 per cent in exports in the month of November coming on the heel of negative growth in October is very encouraging.
“Many of the sectors which exhibited decline in October have posted good results in November including gems and jewellery, drugs and pharmaceuticals, engineering goods, cotton yarn fabrics and made-ups, manmade yarn and fabrics, coffee, spices, and carpets. While healthy growth has been witnessed in readymade garments and organic and inorganic sector, our worry has been with the marine sector which showed a decline in November,” added Ahmed. (KNN/ES)
Ahmed said that the exports have already reached USD 216 billion and with exports of USD 31 billion each month, we would certainly reach the target, according to an official release.
However, he reiterated his demand for immediate reintroduction of Interest Subvention Scheme with effect from 1st of April, 2014 as interest burden is hitting the small exporters who are losing their export competitiveness saddled with high interest rates.
Meanwhile, reacting to the Trade Data for the month of November 2014, FIEO President said that the positive growth of 7.3 per cent in exports in the month of November coming on the heel of negative growth in October is very encouraging.
“Many of the sectors which exhibited decline in October have posted good results in November including gems and jewellery, drugs and pharmaceuticals, engineering goods, cotton yarn fabrics and made-ups, manmade yarn and fabrics, coffee, spices, and carpets. While healthy growth has been witnessed in readymade garments and organic and inorganic sector, our worry has been with the marine sector which showed a decline in November,” added Ahmed. (KNN/ES)
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