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Continuous growth in exports gives confidence to Indian exporters on easy sailing with GST

 The exports data for the month of May this year showed yet another consecutive and positive growth depicting the strength and competitiveness of Indian industry, said Dr A Sakthivel Regional Chairman FIEO Southern Region.

However, various issues raised by FIEO related to GST to be solved in next meeting of GST council  which can help Indian export sector to showcase their true potential in the coming months in further achieving higher growth trajectory for exports, said Dr. Sakthivel.

Dr Sakthivel said that Engineering goods, Gems & Jewellery, Petroleum, RMG of all textiles, Organic & Inorganic chemicals, Marine exports, which all have major contribution in employment generation should be promoted and necessary support should be provided in the Midterm review of FTP.

Referring to the challenges of textiles industry Dr Sakthivel said that countries like Bangladesh, Sri Lanka, Vietnam, etc. going to give India more challenges in the coming years due to LDC, GSP Plus status, etc. and Indian products should be made more competitive to face these challenges especially in the context of strengthening rupee.


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