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Exporters will face losses, if the government is not intervening immediately. Around 40 percent exporters likely to close down their shops.

Once again a volatile rupee threatens to take a toll on exporters. On Monday, India's currency touched a near 19-month high against the dollar at Rs 45.04 per dollar, recording a 13.4 percent rise over Rs 52.06 to a dollar in March 2009.

Already exporters are not able to draw enough demand for goods from the key export markets due to the massive financial slowdown, which has hurt many big economies adversely in the last one year. In addition, the unprecedented four-day shutdown of European airspace continued to wreak havoc, as the volcano near the Eyjafjallajoekull glacier in southern Iceland went on spewing ash and many countries have either canceled, delayed or extended bans on flights.

The Government is further tightening the screws on cotton exports, coming on top of an export duty of Rs 2,500 a tonne imposed recently.

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 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.

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.

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.

Expanding for the fourth consecutive month, merchandise exports from the country grew 34.8 percent in February to $16.09 billion against $11.94 billion in the year-ago following revival of economies in developed countries.

Growing demand from Asia and the US helped Japan's exports surge 45.3 percent in February from a year earlier to 5.13 trillion yen ($56.7 billion), the third consecutive month of increase, the Finance Ministry said Wednesday.

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The Tea Board of India aims to double its tea exports volume to Australia in the next five years. "Indian tea exports to Australia now stand at 3 million kg. This could double in the next five years," Executive Director of Tea Board C Paulrasu said, adding that Australia is looking only for specialty products such as green tea, flavoured

Commerce and Industry Minister Nirmala Sitharaman on Friday announced a number of measures that include establishing agencies in all coastal states for aquaculture and fisheries and incentives for exporting marine items, under the Merchandise Exports from India Scheme (MEIS).

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