Home / Knowledge / News / 'Announce package for exporters immediately' - FICCI to govt
'Announce package for exporters immediately' - FICCI to govt
01
Dec '08
“12% fall in exports is indeed a very steep one and our goods exports constitute around 18% of our GDP. This is bound to have significant impact on our growth for the next quarter. Unless the Government comes out with a complete package for the exporters immediately we may see further fall in our exports in the current year”, said Dr Amit Mitra, Secretary General, FICCI.

Expressing deep concern over 12% fall in India's exports in October 2008, FICCI said that the Government needs to quickly come out with an exporters' package to help Indian exporters to tide over the current credit crisis and weak global demand in the international market.

While welcoming the Government's recently announced measures for exporters like extending the period of entitlement for pre-shipment and post-shipment rupee export credit, FICCI however felt that this remains inadequate and there are number of other measures like restoration of interest subvention scheme till March 2009, increased duty drawback rates etc, that exporters are looking at to help them tide over these crises.

Government should immediately announce a comprehensive exporters' package instead of implementing measures in a piecemeal manner.

FICCI further said that it is expected that most of the labour intensive sectors like textiles, leather, footwear, handicrafts, gems & jewellery would have witnessed negative growth in the month of October. “With the recessionary conditions in advanced economies and growth in the emerging economies weakening exporters are loosing out orders and diversification of exports would not yield much result.

In such a precarious situation it is important that the Government stimulates the demand in domestic economy also so that the exporters could focus on domestic front in the coming months”, said Dr Mitra.



FICCI


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search