GOVT. MUST TAKE IMMEDIATE STEPS TO ARREST DECLINE IN EXPORTS: A. SAKTHIVEL, FIEO

GOVERNMENT MUST TAKE IMMEDIATE STEPS TO ARREST  DECLINE IN EXPORTS:  Dr. A. SAKTHIVEL, CHAIRMAN, FIEO SOUTHERN REGION


While expressing his concern on sharp decline in India’s export for May 2015 Dr. A. Sakthivel, Chairman, FIEO Southern Region said that continuous decline in Export need to be arrested with any cost and urged the Government of India to take pro-active step and address the concerns of the Industry especially the issue of  reintroduction of  Interest Subvention Scheme and fine tuning of SFIS scheme benefits.  

FIEO Chairman also demanded that availability of fund under  MDA and MAI should be increased immediately to help MSME exporters to do vigorous marketing in potential and emerging markets, as more than 45% of India’s exports are from this segment.  Even though data on sectors which have shown negative trend in export is not available now.  
Dr. A. Sakthivel, Chairman,
FIEO Southern Region.
Dr. Sakthivel urged the Government to provide special focus for export growth of  Textiles and Readymade Garments, Leather, Auto components, Pharmaceuticals and Chemicals so that the negative trend can be reversed in the coming months.
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