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

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

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

Urs Stalder
Sanitized AG

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

Sanjukta Dutta
Sanjukta's Studio

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search