Rupee depreciation from Middle East events may not help exports: EEPC
The analysis of the trade data till November, 2019 during the current fiscal pointed towards quite a few months when the rupee saw a depreciation but exports did not go up; rather a declining trend was witnessed. For instance, while depreciating rupee for April, May, June, July and August should have helped engineering exports to grow, reverse happened in this period.
Engineering Export Promotion Council seeks alternative to interest subvention scheme
The Union government has been providing interest subvent...
Pause in rate cut by RBI disappoints EEPC
Sehgal said it is a matter of regret that the banks have not even passed on the earlier cuts.
Rupee volatility, rising cost of borrowing and pending GST refunds major issues faced by exporters: EEPC India
The EEPC India chairman said the Union Commerce and Industry Minister Mr Piyush Goyal is proactively engaged with the exporting community to deal with the challenging global situation.
EEPC India urges government to find ways to tackle rising global challenges
The EEPC India chairman said the country's exports are facing a severe slowdown in the face of rising raw material cost, US-China trade war and non-tariff barriers, besides a crippling deceleration in global trade. Merchandise exports for September, 2019 declined by 6.57 per cent year-on-year.
India's engineering exports declines for fourth straight month in September
Following the broader merchandise trend, engineering exports from India witnessed 6.11% decline during September 2019. The engineering consignments, the main contributor to the country's overall export basket from India dropped in all months of fiscal 2019-20 barring May .
Scope for more aggressive RBI rate cuts: Ravi Sehgal, EEPC
Exports have a major role to play in pushing the GDP growth and they must be given due support.
EEPC India opens technology centre in Kolkata
The Bengaluru centre had already been made functional in 2017 and is helping the exporters to scale up their technological capabilities.
RBI should ensure easy credit disbursal to exporters: EEPC India chairman
Sehgal added the RBI should strengthen the ombudsman mechanism for redressal of grievances.
EEPC organises session on use of alternative materials for better efficiency
On this occasion an MOU has been signed between Mr Adhip Mitra, Addl Executive Director & Secretary, EEPC India and Dr S K S Rathore Senior Principal Scientist, CSIR- AMPRI on behalf of the respective organisations.
Automobile manufacturers experience muted export growth
Automobiles, comprising motor vehicles/cars , two/three wheelers and auto parts and components, showed a decline of 3.82 per cent in July, 2019 over the same month last year.
EEPC India, CSIR- NML sign MoU to work on engineering technologies
The MoU between Jamshedpur - based NML and EEPC India, the apex organisation of the country's exporters was inked on Monday.
EEPC India briefs Piyush Goyal on issues faced by exporters
Mr Goyal chaired the joint meeting of the Board of Trade and the Council for Trade Development and Promotion interacting with a large community of exporters and stakeholders.
Govt may provide Remission of State Levies to certain sectors for exporters
Currently, RoSL, which is to offset indirect taxes levied by states such as stamp duty, petroleum tax, electricity duty and mandi tax that were embedded in exports, is provided to textiles exporters.
RBI must ensure rupee export credit at repo rate: EEPC India
Rreductions in the REPO rates by the RBI have not been passed in full.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service