Home / Knowledge / News / Focus of export credit should be on SMEs: President, FIEO
Focus of export credit should be on SMEs: President, FIEO
Apr '09
For focussing on SMEs exporters, RBI should list down all the banking facilities for this segment in one chapter so as to made them aware of the benefits as lack of knowledge is a bane for small and medium enterprises.

Reduction in repo rate and reverse repo rate has not resulted in reduction in the PLR of most of the banks, said Shri A. SAKTHIVEL, President FIEO.

Exporters have not been able to get exports credit at the reduced rate of interest and there is an urgent need to provide export credit at 7% without linking it with the PLR as our competitors are providing exports credit at less than 5% and Indian exporters are required to provide a near level playing field.

Banks also need to be advised to restructure the term loan given to exporters in the wake of present financial crisis, added FIEO Chief.

The issue of derivative losses remains unattended for long time and we request RBI to intervene to help the exporters to settle the matter amicably on 50:50 basis so that exporters do not suffer irrecoverable losses, observed 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

New Pashmina Dehairing Plant to come up in Leh

A new Pashmina Dehairing Plant will be installed at Leh to increase...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Interviews View All

Poojaa Kumar Deepak

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

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella
Prathyusha Garimella

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
March 2017

March 2017

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


Browse Our Archives


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