Exports are on course to achieve $400 billion in the current fiscal, but logistics challenges, particularly unavailability of containers, shut out by shipping lines and high freights pose a "serious challenge", FIEO President said.
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Home / Business / Exporters appeal to Bengal govt to bring their operations within the ambit of essential services Exporters appeal to Bengal govt to bring their operations within the ambit of essential services Plea comes after the state ordered a shutdown of all industries and manufacturing units except for certain categories till the end of the month
Exporters on Saturday appealed to the Bengal government to bring their operations within the ambit of essential services after the state ordered a shutdown of all industries and manufacturing units except for certain categories till the end of the month.
The state government after a review of the Covid-19 pandemic further tightened restrictions in the state.
Exports to Myanmar may take a hit if crisis continues
March 07, 2021
Exporters to seek government intervention if things take a turn for the worse
Indian exporters of goods to Myanmar have their fingers crossed about the future as the continuing military unrest in the neighbouring country is turning shipping lines jittery with some suspending operations and most others going slow.
The situation at the moment is not “highly alarming” as transactions have not come to a stop, but there could be a big problem in the future if things don’t improve and exporters’ concerns will be taken up with the government soon, per exporters’ body Federation of Indian Export Organisations (Fieo).
The Indian government has pledged to pump US$2.7bn into a new development finance institution (DFI) as part of plans to galvanise infrastructure spending and help the country bounce back from the deleterious effects of Covid-19.
The announcement was made in the country’s annual budget earlier this month, with India’s finance minister Nirmala Sitharaman stating that she would introduce a bill for setting up the new DFI with a starting capital of roughly Rs200bn.
The ambition is to have a lending portfolio of at least Rs5tn (approximately US$69bn) in three years’ time, with the DFI also expected to play a role in funding the government’s National Infrastructure Pipeline (NIP).