YEARS
Vol. LX No. 135 TUESDAY 4th AUGUST 2020
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See Pg. 7
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Overseas Order book showing signs of improvement feels Exporting Community NEW DELHI: The Country’s merchandise exports will further revive in the coming months as order books are showing signs of improvement, even as the industry is still facing labour shortage, according to exporters. Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said there is no problem of orders in the shorter run, but exporters are still not getting long-term orders. “We are expecting that the situation will improve further as the order book situation is improving. Orders are mainly coming from the US and European countries,” Sahai said.
On labour shortage, he said that factories are still not running at full capacity, but the situation will improve in the next few months. Council for Leather Exports Chairman P R Aqeel Ahmed said the sector is doing well as “our order books are improving”. Sharing similar views, Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said there is a positive sentiment for Indian goods and this is helping in pushing the outbound shipments. Cont’d. Pg. 15
Building Atmanirbhar Bharat: Licences likely for furniture, toys and sports gear imports NEW DELHI: Imports of furniture, toys and sports goods are likely to require licences soon, a measure the Government hopes will reduce imports and encourage domestic production, said people with knowledge of the matter. India has already imposed licensing requirements for tyres and colour TV imports, a big percentage of which comes from China. The Government may also raise import duties for certain products to their bound rates to make imports costlier. Bound tariffs are the ceiling rates specified at the
WTO beyond which countries cannot raise duties. The Government has decided to license these imports after finding that higher duties have been ineffective in reducing the amount of goods coming into India, even as they raise costs for domestic industry, officials said. The licence requirements serve as non-tariff barriers that discourage imports. Cheap imported goods have been finding their way into the country through the misuse of free trade agreement Cont’d. Pg. 15 route, officials said.