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Mumbai (Maharashtra) [India], August 19 (ANI/NewsVoir): Manoj Kumar Patodia, Chairman, TEXPROCIL in a statement today, welcomed the announcement of the much-awaited RoDTEP (Remission of Duties and Taxes on Export Products) rates for exports.
India's merchandise exports have remained almost stagnant between $290 billion and $330 billion for the last 10 years
"We have actually laid down a roadmap on how we hit $500 billion in merchandise exports and when we hit a trillion-dollar exports. Our guess is that, by 2027-28, very very modest estimates, we should touch $1 trillion figure in exports of merchandise," Subrahmanyam said.
Shipping companies have jacked up rates over the last year by adding peak season surcharge and other increases, which vary with shipping lines and container sizes.
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