Debate on export target
R. SURYAMURTHY
New Delhi, March 26: The government is considering a $200-billion export target for 2008-09 in the annual review of the foreign trade policy next month. However, exporters, who are already hit by the rupee’s appreciation, are sceptical about such a high target when the signs of a slowdown in the US economy are looming large on them.
“There has to be a realistic approach in setting the target. This year we are unable to achieve the target, what is the point in setting such ambitious targets,” said D.K. Nair, secretary general of Confederation of Indian Textile Industry.
However, the government is considering an increase in the export target to $200 billion as lower import costs have benefited the sector, which re-exports finished goods, officials said.
The textile sector is one of those hard hit by the rupee appreciation. About four million people in the labour intensive sectors such as textile, leather, marine products and handicrafts have lost their jobs till September.
Showing posts with label export. Show all posts
Showing posts with label export. Show all posts
Mar 27, 2008
Mar 22, 2008
Trade woes
Exporters present wish list to stop job loss
R.SURYAMURTHY
New Delhi, Dec. 16: Exporters are in favour of a long-term policy against the rising rupee.
In the absence of such norms, there will be heavy job losses, they said.
Hit by the appreciation of the rupee against the dollar, exporters have retrenched 30,000 regular employees and 100,000 contract labourers.
They have suggested a corpus to refinance banks for covering their hedging charges.
The dollar rates that are relevant for some schemes should also be fixed, according to Ganesh Kumar Gupta, president of the Federation of Indian Export Organisations (Fieo).
R.SURYAMURTHY
New Delhi, Dec. 16: Exporters are in favour of a long-term policy against the rising rupee.
In the absence of such norms, there will be heavy job losses, they said.
Hit by the appreciation of the rupee against the dollar, exporters have retrenched 30,000 regular employees and 100,000 contract labourers.
They have suggested a corpus to refinance banks for covering their hedging charges.
The dollar rates that are relevant for some schemes should also be fixed, according to Ganesh Kumar Gupta, president of the Federation of Indian Export Organisations (Fieo).
Export
Budget hope for exports
R. SURYAMURTHY
New Delhi, Jan. 22: The budget is expected to provide relief to labour-intensive export units as the appreciation of the rupee against the dollar has forced them to retrench a large number of workers.
Officials said the country was unlikely to meet the export target of $160 billion for the fiscal and would fall short by about $10 billion. For the April-November period of 2007-08, exports grew 22.08 per cent to $98.38 billion against $80.59 billion in the corresponding period of the previous year.
They said the recently constituted high-powered group under V. Krishnamurthy, the chairman of the National Manufacturing Competitiveness Council, could suggest steps to boost export.
R. SURYAMURTHY
New Delhi, Jan. 22: The budget is expected to provide relief to labour-intensive export units as the appreciation of the rupee against the dollar has forced them to retrench a large number of workers.
Officials said the country was unlikely to meet the export target of $160 billion for the fiscal and would fall short by about $10 billion. For the April-November period of 2007-08, exports grew 22.08 per cent to $98.38 billion against $80.59 billion in the corresponding period of the previous year.
They said the recently constituted high-powered group under V. Krishnamurthy, the chairman of the National Manufacturing Competitiveness Council, could suggest steps to boost export.
Exports
More export reliefs before budget
R. SURYAMURTHY
Time to smile
New Delhi, Dec. 26: The government is likely to announce another round of sops to exporters before the budget, which could include reimbursement of state-level taxes.
Officials said the reliefs could be announced after receiving the recommendations of a committee appointed by the Prime Minister, which is working on a long-term strategy for exporters who have been hit hard by the rising rupee.
The officials said the Centre could soon call a meeting of state finance ministers to discuss the reliefs.
R. SURYAMURTHY
Time to smile
New Delhi, Dec. 26: The government is likely to announce another round of sops to exporters before the budget, which could include reimbursement of state-level taxes.
Officials said the reliefs could be announced after receiving the recommendations of a committee appointed by the Prime Minister, which is working on a long-term strategy for exporters who have been hit hard by the rising rupee.
The officials said the Centre could soon call a meeting of state finance ministers to discuss the reliefs.
Morning cuppa
Strategy to enliven tea
R. SURYAMURTHY
Ramesh: Action front
New Delhi, Jan. 21: The Centre has asked the Bengal government to allow horticulture and tourism in sick tea gardens to make them financially viable.
“The problems faced by the financially weak tea gardens are enormous and need to be addressed at the earliest. The way out is to make them financially viable,” said Jairam Ramesh, minister of state for commerce.
“The Bengal government should allow five per cent of the garden land for horticulture and tourism to prevent them from turning sick,” Ramesh said. For this, the state government will have to amend the land ceiling act as the existing law debars any such activity beyond 24 acres.
R. SURYAMURTHY
Ramesh: Action front
New Delhi, Jan. 21: The Centre has asked the Bengal government to allow horticulture and tourism in sick tea gardens to make them financially viable.
“The problems faced by the financially weak tea gardens are enormous and need to be addressed at the earliest. The way out is to make them financially viable,” said Jairam Ramesh, minister of state for commerce.
“The Bengal government should allow five per cent of the garden land for horticulture and tourism to prevent them from turning sick,” Ramesh said. For this, the state government will have to amend the land ceiling act as the existing law debars any such activity beyond 24 acres.
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