Exports in June Yet again Rose Amidst Challenging Ongoing Geo-political and Rising Global Uncertainties

[FIEO Press Release dated 14 July 2022]

FIEO President said that the top sectors, which led the exports growth during the month were Petroleum Products, Gems & Jewellery, Electronic Goods, RMG of all Textiles, Rice, Engineering Goods and Organic & Inorganic Chemicals etc. Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.

FIEO President is of the view that though the government has announced a slew of measures to support exports, however, there is a need to further  push value-added exports, augment container manufacturing, developing an Indian Shipping Line of global repute, increase the validity of RoSCTL and RoDTEP scrips to 24 months and link transferability with realisation, extend RoDTEP to EOUs, SEZ and Advance Authorisation, expand usages of RoDTEP and RoSCTL scrips and logistics support for the sector looking at the higher freight cost.