Beef up export support system to achieve target: FICCI
India can achieve and surpass the export target of 125 billion dollars in the current fiscal, if a favourable exchange rate is maintained.india Updated: Dec 31, 2006 12:39 IST
India can achieve and surpass the export target of 125 billion dollars in the current fiscal, if a favourable exchange rate is maintained alongwith a moderate tax regime besides improved physical infrastructure, industry body FICCI has said.
Based on the feedback received from exporters representing a range of sectors, the chamber said rising input costs was also a serious issue as it had started weakening the competitiveness of Indian exporters.
"Some exporters have even reported that fluctuations in the prices of raw materials has prevented them from taking large orders. They have asked the government to abolish export cess and remove restrictions placed on advance licence holders to route imports through the State Trading Corporation," the chamber said in a release.
They have also called for moderating port charges such as inland haulage charges, minimising margins to finance pre-shipment and post-shipment credits and reduce the response time taken in providing such credit.
Exporters have also pointed out that requests for information related to market structure, distribution channels, legal aspects for promoting business and details of reliable distributors are not adequately met by the embassies.
"Embassies should act as facilitation centres for promoting Indian businesses," it added.
First Published: Dec 31, 2006 12:39 IST