FIEO Lauds $418 bn Exports

[FIEO/MC/PR/02/2022-23 dated April 03, 2022]

Exports are now set to transform the Indian economy. What is more important is to build on it as we will have benefits of new FTAs/CEPAs and the PLI Scheme backing us. We will build on such remarkable achievements, exuded Dr A Sakthivel.

The FIEO Chief is also of the view that though the government has announced a slew of measures to support exports including the recent announcement of the extension of the interest equalisation scheme, extension of the FTP 2015-20 by another 6 months and extension of time for filing of MEIS/RoSCTL/ROSL scrip, however to build on this remarkable achievement and grow further during the new fiscal, there is a need to allow transfer of MEIS through operation of transfer module, increase the validity of 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 rising freight cost.