SME Times News Bureau | 03 May, 2022
Reacting
to the April 2022 Trade Data, FIEO President A Sakthivel said that
the highest-ever exports of over USD 38 billion, during the first month
of the fiscal, shows the continuous impressive performance of the
exports sector.
The outstanding accomplishments of the exporters have
consistently not only helped the economy to reap rich dividends but will
also support our endeavour to become a USD 5 trillion economy by 2025.
Starting the fiscal with such an impressive beginning will further add
to the motivation of the exporting community for much higher growth
during the financial year, said A Sakthivel.
Praising the effort and hard work of the exporters, Dr Sakthivel thanked
the government under the able and dynamic leadership of the Hon’ble
Prime Minister, whose support and vision coupled with confidence and
trust shown on the exporting community has re-invigorated all
stakeholders.
Sakthivel also welcomed the Union Finance Minister and
the Union Commerce & Industry and Textiles Minister for continuously
interacting and guiding the exporters to continue on their wonderful
export growth trajectory.
FIEO President said that the top sectors, which has performed
impressively during the month were Engineering Goods, Petroleum
Products, Organic & Inorganic Chemicals, Drugs &
Pharmaceuticals, Electronic Goods, RMG of all Textiles, Cotton
Yarn/Fabrics/Made-ups, Handloom Products etc. and Plastic &
Linoleum.
Labour-intensive sectors also contributed to the exports
basket, which itself is a good sign, further helping job creation in the
country.
FIEO
Chief also reiterated that the benefits of the newly signed FTAs and
the PLI Scheme will further help us in building on the milestones
achieved during the previous fiscal.
FIEO President is also of the view that though the government has
announced a slew of measures to support exports including the recent
announcement of the extension of the interest equalisation scheme,
extension of the FTP 2015-20 by another 6 months and extension of time
for filing of MEIS/RoSCTL/ROSL scrip, however,
there is a need to increase the validity of RoSCTL and RoDTEP scrips
to 24 months and link transferability with realisation, extend RoDTEP to
EOUs, SEZ and Advance Authorisation, expand usages of RoDTEP and RoSCTL
scrips and logistics support for the sector looking at the freight
cost.