Home / Knowledge / News / February exports plunge, FIEO hopes new government will react
February exports plunge, FIEO hopes new government will react
02
Apr '09
Reacting to the recently released trade data for February 2009, Shri A Sakthivel, President, Federation of Indian Export Organizations (FIEO) said that data is along the expected line in view of contraction in global demand. President, FIEO hope that the new government will take requisite measures expeditiously – both fiscal and non fiscal - to help the export sector.

Shri Sakthivel observed that the decline in exports by 21% as well as in imports by 23% will impact the manufacturing sector which is already reeling under pressure. India's exports in 2008-2009 will be in the range of US$ 168 – 170 billion.

However, FIEO Chief said that the coming financial year should be good for exports with improvement in overseas markets. He emphasized that Indian exporters should remain in the markets, at whatsoever cost, so that they reap the dividends once the recovery process starts which seems to be just round the corner, added, Shri Sakthivel.

Federation of Indian Export Organisations

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Marcel Alberts
Eurofibers

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Prathyusha Garimella
Prathyusha Garimella

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search