The exporter fraternity is expecting fiscal support and affordable credit, from the upcoming budget.
A need of the hour is to support exports by reducing lending rates andto restore interest equalization rates in view of the rising cost of credit will be of great help.
An additional financial support to units generating additional employment in the export sector will also be an incentive for exporters. Special schemes for goods exported by MSME will act as a catalyst in increasing the MSME contribution to exports. Also, Initiatives for Ease of doing business would be a big facilitator
India should consider having it’s own shipping lines. This will not only help cut costs for sea borne cargo but will also save FOREX outflow.
-Yogesh Gupta, Regional Chairman,Federation of Indian Export Organisations, Eastern Region