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Adopt various improvement mechanisms to enhance exports
Apr '08
Exporters, especially from the Small and Medium Enterprises (SMEs) feel that both the government and exporters need to go on war-footing to make exports more competitive in the wake of rupee appreciation for fiscal 2008-09.

Appreciating the government's initiatives mainly in helping the export sector to tide over the rupee appreciation, exporters added that without untiring support of Commerce Ministry, EXIM community would not have achieved what they have in the last fiscal (2007-08).

The assumptions are based on the feedback received from exporters representing a wide range of industry sectors in a survey conducted jointly by ASSOCHAM and tradeindia.com which was released here by the ASSOCHAM President, Mr. Venugopal N. Dhoot.

“Almost all respondents were of the opinion that considering the changing world scenario, products exported to various countries need to change too according to the changing consumer taste and trends, said Mr. Dhoot.”

They felt that instead of always looking for support from the government, exporters need to go into the details of the changing designs, patterns, product development, requisite change in production facilities for a variety of materials, production techniques, related expertise to achieve a leadership position in the fast growing competitiveness with other nations.

The rupee appreciation against the dollar is significant as the bulk of India's external trade is invoiced in US dollars. Many exporters who took the survey believe that the export target set for this year (2008-09) can be met if the export sector works in accordance to the changing market trends.

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