The working of Indian businesses has been severely dented by a 40 percent hike in prices of cotton yarn, tumbling values of dollar and euro against the Indian rupee and a sharp increase in minimum wages for workers in the national capital, said Apparel Export Promotion Council (AEPC) in a release on Tuesday.
The rupee appreciation has hurt the competitiveness of Indian exports and further appreciation should be prevented, said Chandrajit Banerjee, Director General, the Confederation of Indian Industry (CII) in New Delhi recently.
Exporters are not getting enough attention from the government and the funds allocated to the sector under different schemes and incentives are not enough, said the Federation of Indian Export Organisations (FIEO) recently.
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While welcoming the exports growth of of 36.2 percent in April, Federation of Indian Export Organisations (FIEO) President, A. Sakthivel said that the first month figure is a clear indication that we would be able to meet the export target of USD 200 billion set for 2010-11.
Hike in fuel prices will make Indian exports uncompetitive as it would add to costs of exporting units, which have to be highly depend on diesel and other alternative fuels instead of electricity due to erratic power supply in industrial areas, said the Federation of Indian Export Organization on Tuesday.
Trinidad & Tobago is an island of opportunity for Indian exporters and manufacturers for both small and big industries and so India's huge export potential will soon be showcased in Port-of-Spain at an Indian trade exposition in Trinidad and Tobago (T&T).
A major fire broke out in a container depot, near the Tughlaqabad railway station in Delhi early on Saturday, has proved to be worst tragedy in the history of Indian Exports, said Delhi Exporters Association in a press release today.
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Government on Wednesday announced incentives worth Rs 625 crore for exporters of garments, engineering, electronics and agro products even as the country's merchandise exports rose by an impressive 34.8 per cent growth in February at USD 16.09 billion.
The Indian economy should have grown at 7.5 percent in 2009-10 and a tad faster than 7.2 percent expansion predicted officially on the back of a strong rebound in exports, Commerce Minister Anand Sharma said in the capital on Thursday.
The Federation of Indian Export Organisations (FIEO) Wednesday demanded incentives for value addition in exports and regulated rates of export credit considering tough global market conditions and stagnant credit offtake.
The Federation of Indian Export Organizations on Monday urged the banks to cut down charges to bring down transaction costs for exporters and help them counter the sluggish global market demand and price sensitive markets.
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A new study by the Federation of Indian Chambers of Commerce and Industry (FICCI) has expressed concern that the sovereign debt crisis of Greece may spread over to other European nations which could have catastrophic impact on Indian exports.
The Federation of Indian Export Organisations (FIEO) on Sunday met the Director General of Foreign Trade (DGFT) in New Delhi and suggested a slew of measures to boost export in the current fiscal which is set to show marginal decline in 2009-10.
The current debt crisis in some European Union member states will have a negative impact on Indian exports and the Indian stock market, a top official said Saturday.
Despite 4.7 percent down fall in India's merchandise exports over the fiscal year 2009-10, it has shown fastest growth in March in the last six years, said A. Sakthivel, President, Federation of Indian Export Organisations (FIEO).
Commerce and Industry Minister, Anand Sharma said on Monday that the country is maintaining a very "strong positive growth" in exports and expressed his hope to sustain it.
Exports from the country may cross USD 170 billion in the year 2009-10, when the final figure will come out, said Minister of Commerce and Industry Anand Sharma on Monday in New Delhi.
Indian apparel manufacturers are facing steep price hike and serious shortage of fabrics and urged the government to introduce some sort of control mechanism to prevent uncontrolled exports of yarn and cotton from the country.