Exporters report buoyant order bookings beyond expectations
Welcoming another sterling export performance in September, FIEO President Dr A Sakthivel has called for a regulatory authority to seek justification of freight hike and imposition of various charges by the shipping lines, saying these need urgent intervention of the government.
He also reiterated that the need of the hour is to soon resolve risky issues being faced by exporters and called for augmenting the flow of empty containers, pointing out the healthy orders booked by exporters.
India’s September exports was US$33.79, an impressive double-digit growth of more than 22.63% along with half yearly performance of US$197.89 with a remarkable growth of about 57.53%. “This shows that we are on course to achieving US$400 billion export target for the fiscal.”
Crossing US$197 billion in merchandise exports during the first half of the financial year in itself is a spectacular performance during these challenging times, which further reiterates the dedication, commitment and hard work of the exporters coupled with supportive Government policies, said Dr Sakthivel.
Noting that recovery in the global economies across the world, he pointed out that with the expectation of buoyant order booking position for the coming months, specially during the festive season, has also led to such continuous growth in exports.
Dr Sakthivel emphasised that many labour-intensive sectors were major contributors, which itself is a good sign, further helping job creation in the country.
The FEIO President called for an analysis of imports, which in September was US$56.39 billion with a growth of about 84.77%.
September’s top export sectors were: Engineering Goods, Petroleum Products, Gem & Jewellery, Organic & Inorganic Chemicals, Cotton Yarn/Fabrics/Made-ups, Handloom Products etc, RMG of All Textiles, Electronic Goods, Rice, Coffee, Marine Products and Plastic & Linoleum. #exports #manufacturing #investment #economies /fiinews.com
