Exports: Despite the outbreak of Corona infection in the country, exporters have expected the business to be better, given the encouraging demand in the big markets of the world. SK Saraf, president of the Federation of Indian Export Organizations (FIEO), said that manufacturing and export service-related activities have been exempted from partial or total restrictions imposed by Corona in most states. The central government has also given permission for the interstate movement of goods.
According to Saraf, the corona outbreak is causing some problems for the industry. The main reason for this is that the industries are not able to work with the full labor force. We expect the second wave of Corona to weaken after the second week in May. This means that the situation can be expected to improve after that. Indian industry and especially exporters are getting good demand from the big markets. In view of this, we expect better growth in exports.
Saraf said that this time the situation of lockdown or shutdown in many states, exporters know how to deal with it better and are ready for it. It is because of this that they have gone through such challenges before. By negotiating with their customers, they have extended the delivery period. It is all happening by mutual trust.
The FIO also urged the government to open the filing facility under the Merchandise Exports from India Scheme (MEIS) 2020-21 by December 2020 and under the Services Exports from India Scheme (SEIS) facility. SC Ralhan, president of the Ludhiana-based Hand Tools Association, said that the order book in the engineering sector is good. Demand is increasing in the US and Europe even in this challenging phase of the Corona Crisis. India’s exports rose to $ 30.21 billion in April, according to preliminary data from the Commerce Ministry. However, the trade deficit also increased to $ 15.24 billion during this period.
Getting help from them too
– Manufacturing and export service-related activities are exempted from lockdown in many states.
– The Central Government has also given permission for inter-state movement of goods.
– The situation in Corona in foreign markets is not so bad, there is a continuous demand from there.
– Exporter’s experience of last year, this time they are well prepared to overcome the crisis.
 2020-21 by December 2020 and under the SEIS facility. SC Ralhan, president of the Ludhiana-based Hand Tools Association, said that the order book in the engineering sector is good.){kind=link}