Centre needs to offer export finance at concessional rate not over 7% for the Indian micro, small and medium enterprises (MSMEs) and 9% for the big business houses with the aim to strengthen exports and also to control the trade deficit, said Mr Ramu S Deora, President of the Federation of Indian Export Organisations (FIEO).
Mr Ramu S Deora, said, “It is understood that keeping in view the present global downward trend even in England, ECB has offered 25 basis points reduced rate of interest for supporting their export industry. With the abnormal increase in the cost of inputs and packaging material, our exports are day by day becoming uncompetitive nullifying the scope of margins offered by rupee depreciation. It is of utmost important that we have consistency in our reforms and policies in order to maintain our image as a reliable supplier in the global market.”
No comments:
Post a Comment