‘Annual export target of $400 billion achievable if exporters’ concerns are addressed’
May 12, 2021
The Federation of Indian Export Organisations (FIEO) has said a concerted strategy would be required to achieve the goods exports target of $400 billion for 2021-22 set by the Commerce Ministry. Exports should be treated as national priority, providing adequate liquidity and releasing all export benefits for achieving the target, it said.
“Liquidity should be addressed by encouraging banks to lend to the export sector and all export benefits should be released immediately including drawback, MEIS, GST and RoDTEP (Remission of Duties and Taxes on Export Products) to name a few,” according to an official release circulated by FIEO.