SME Times is powered by   
Search News
Just in:   • India’s GDP growth to remain steady at 6.5 pc, another RBI rate cut likely this fiscal  • GST reforms to increase demand for automobiles, ancillary industries to benefit  • Oracle’s Larry Ellison becomes world’s richest person, surpasses Elon Musk  • Extend ITR, audit deadlines due to portal glitches, compliance overload: Tax associations  • GST rate rejig shows promise of more access, growth in Indian pharma market 
Last updated: 26 Sep, 2014  

Soothing effect to come from the Foreign Trade Policy?

Bikky Khosla | 08 Apr, 2008
The current global market equation calls for better coordination between exporters and the Indian government. Raw material prices are going through the roof and dollar depreciation against the rupee is today a perpetual nightmare for the export community.
 
If the rectifications in the way we have been doing business do not come sooner than later, in all probability there are chances of missing the export target set for the fiscal 2008-09.
 
The exporters need to make the much-needed adjustments in their operations based on changing consumer taste and market trends. They need to streamline their manufacturing facilities, upgrade production techniques, take into consideration the fast growing competitiveness of other nations.
 
The authorities too have to address key issues including maintaining an exchange rate range favourable to exporters, moderating taxes at various levels, improving infrastructure, reconsidering certain schemes, and checking the frequent fluctuations in the prices of raw materials.
 
The Commerce Ministry has been sympathetic to the cause of the exim community and should now come up with certain incentives for exporters to tide over the losses incurred due to the appreciating rupee, fluctuations in the prices of raw material and other related drawbacks.
 
The ball has started rolling with the government extending the Duty Entitlement Pass Book (DEPB) at the beginning of the financial year. The same balming effect is expected from the forthcoming Annual Supplement to the Foreign Trade Policy. A couple of days from now we'll know.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

Global Market Stability
Adrian Akau adrianakau@aol.com | Thu Apr 10 23:32:43 2008
The rise in the price of oil means that international rising transport costs are sure to follow. Economies of export nations are sure to be affected and should plan on in-country development of their products or change over to producing key products which can be shipped in such quantity that the value to shipment ratio becomes financially acceptable.


 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter