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Exporters are hoping that the Interest Subvention Scheme which expired in March 2014 will be continued with retrospective effect to compensate for the high cost of credit which makes exports uncompetitive, according to M Rafeeque Ahmed, President, FIEO.
The exporting community had been anticipating a new Foreign Trade Policy as the current policy was announced up to March 2014.
However, the present Foreign Trade Policy will continue till March.He urged the government for special measures for exporters in the last quarter. India’s export has shown a growth in the seven out of eight months in the current financial year.
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