Low-rate regime is the need of the hour to boost recovery: EEPC India Chairman
Kolkata/IBNS: The low-rate regime is the need of the hour to boost recovery and the Reserve Bank of India has done a good job by keeping the repo rates unchanged at four percent besides keeping the stance accommodative, said the Chairman of EEPC (Engineering Export Promotion Council) Mahesh Desai.
Revival in engineering goods exports holding ground, government has walked the talk: EEPC India
New Delhi/IBNS: Engineering goods exports continued its strong uptrend and rose 59% year-on-year in August to US$ 9.64 billion as compared to US$ 6.06 billion in the same month a year ago showing recovery holding ground, said EEPC India Chairman Mahesh Desai.
Raising RoDTEP rates and covering more items in the scheme key to achieving FY22 target: EEPC India
Mumbai/IBNS: The government should relook refund rates under RoDTEP and ensure full rebate on the taxes in the export production chain failing which Indian engineering goods exporters could lose some of the markets, said Engineering Export Promotion Council (EEPC) India Chairman Mahesh Desai.
Engineering goods on way to reaching US$107 billion mark in FY22: EEPC India
New Delhi/IBNS: Engineering goods sector remains one of the main growth drivers of exports from India and going by the trend in April-July period of the current fiscal, annual target of US$107 billion looks quite doable, said Engineering Export Promotion Council (EEPC) India Chairman Mahesh Desai.
Rise in exports of engineering goods would generate more jobs: EEPC India
New Delhi/IBNS: Continuing the uptrend, engineering goods exports have posted 42.14% growth in July, 2021 over the same period a year ago. The high growth in engineering goods augurs well for the economy as the sector is labour-intensive and one of the key foreign exchange (Forex) earners, said EEPC India Chairman Mahesh Desai.
Uptrend in Indian exports of engineering goods would support jobs and growth: EEPC India
Kolkata/UNI: With demand from major markets staying robust, engineering goods exports from India continued the high ante and posted a 52.61 per cent increase in June 2021 over the same period last year, according to EEPC India.