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le analysing the shortcomings of the export sector during the conference with DGFT in New Delhi, A Sakthivel [link widoczny dla zalogowanych], chancellor of the FIEO, annotated, “Export sector needs to pay ample care to technology upgradation [link widoczny dla zalogowanych], skill development and enhancement of production quality. Besides, DGFT ought introduce fitting schemes in the revised Foreign Trade Policy apt encourage companies to undertake R&D activities to improve competitiveness.”
During his meeting with the DGFT, Mr Sakthivel also deliberated over the issue of rupee gratitude namely has caused mammoth losses for exporters, primarily SMEs.
“Strengthening of the rupee against the dollar has merely made matters worse as small-scale corporations, thereby impacting the overall backup growth,” said Prakash Chand Jain [link widoczny dla zalogowanych], proprietor of JainTea Co, a Kolkata-based small-sized tea exporting house.
Mr Sakthivel too cried for initiation of state-based export policies as advocate along the local administration for SME export-oriented elements is crucial for their growth.