DGFT to come up with new policies to push exports
Jasleen Kaur Expressing concern over the sharp decrease in India’s export, Director General of Foreign Trade Anup Wadhwan said the government will come out with different and new policies in which Indian exporters can play a crucial role. Interacting with exporters in an open house meeting at the Federation of India Export Organisation (FIEO) headquarters in New Delhi, Wadhawan said India’s exports have gone through very difficult period over the last 16-17 months. “The exports have been continuously declining even though it is consistent with the global trend. It is a matter of distress for the exporters also in terms of their aspiration not being fully met than in terms of the difficult environment that they are facing,” he said. ...
Declining exports and domestic value addition in it require immediate attention: FIEO President
The Dollar Business Bureau “The changing paradigms of trade and emergence of global production chains have important implications for India in particular and as a result increasing use of imported inputs has generally caused a decline in the domestic value added share of total exports,” said FIEO President Mr Rafeeque Ahmed. Reacting to the Economic Survey 2015-2016, Rafeeque stated that the share of domestic value added exports in total exports has witnessed a decline from 86.9 per cent in 1998-99 to 84.1 per cent in 2003-04 and further to 78.5 per cent in 2007-08. However, the foreign value added share in exports increased. He said that the domestic producers may be encouraged to supply to exporters for higher ...
