Interviews
Rising freight costs may see drop in export targets
23 Jun '08
4 min read
The FICCI Export Survey notes that companies from the textile sector and from the IT sector have also cautioned about the future decline in demand in the export markets of the West.
Many companies from the IT sector have said that delays in decision making on the budget allocation by their clients are now evident.
The imposition of export restrictions by the government has also come under fire from the exporters, as many believe that such measures erode the credibility of Indian players. Such measures have only added to the uncertainty prevailing in the business environment.
Some members from the food processing industry have mentioned that while it is only export of rice and wheat that has been banned by the government, they are apprehensive about the future of export of wheat and rice based products.
Steel companies have also voiced concerns about the imposition of duty on export of different types of steel products.
The survey shows that despite the depreciation of the Rupee since the beginning of 2008, the apprehension amongst Indian exporters with regard to their near term performance has not eased.
Exporters have clearly mentioned that the lingering effect of the appreciation of the Rupee still continues and they will have to wait for some more time to see the impact of the weakening of the Rupee on their export performance.
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Many companies from the IT sector have said that delays in decision making on the budget allocation by their clients are now evident.
The imposition of export restrictions by the government has also come under fire from the exporters, as many believe that such measures erode the credibility of Indian players. Such measures have only added to the uncertainty prevailing in the business environment.
Some members from the food processing industry have mentioned that while it is only export of rice and wheat that has been banned by the government, they are apprehensive about the future of export of wheat and rice based products.
Steel companies have also voiced concerns about the imposition of duty on export of different types of steel products.
The survey shows that despite the depreciation of the Rupee since the beginning of 2008, the apprehension amongst Indian exporters with regard to their near term performance has not eased.
Exporters have clearly mentioned that the lingering effect of the appreciation of the Rupee still continues and they will have to wait for some more time to see the impact of the weakening of the Rupee on their export performance.
Click here to view more:
Federation of Indian Chambers of Commerce and Industry
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