"This is the sixth consecutive month where garment exports grew at an average of 13%. Even, the exports led employment grew by 6.5% for the month of April- June 2013 (Labour Bureau Quarterly Reports July 2013.). We have organised fairs last month, we went to BSM New York and Spain and we got the positive signals of the revival of the economy in USA and EU.”
Requesting the Government, to put exports in the priority sector which was accepted by the Padmanabhan Committee can solve the problem of credit crunch for the Industry. Dr Sakthivel assured that with the support of the Government we would be meeting the target.
Reacting on the overall trade, the lowest trade deficit in the last six month is good news. The good monsoon, positive manufacturing core sector and revival of the US economy can spin the game and export may be very good this year, he added.
Commerce Secretary Shri S R Rao released data for the month of September 2013. Exports during September, 2013 were valued at US $ 27679.33 million (Rs. 176461.53 crore) which was 11.15 per cent higher in Dollar terms (29.77 per cent higher in Rupee terms) than the level of US $ 24902.00 million (Rs. 135978.63 crore) during September, 2012.
Cumulative value of exports for the period April-September 2013 -14 was US $ 152105.40 million (Rs 901194.97 crore) as against US $ 144673.91 million (Rs. 790838.40 crore) registering a growth of 5.14 per cent in Dollar terms and growth of 13.95 per cent in Rupee terms over the same period last year.
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