In the Corona period where the Indian economy is being affected. At the same time, the government has got relief from the increase in export business. They are seeing more development possibilities in it.
Piyush Goyal said this about exports
In the Coronavirus Pandemic, the Indian economy is getting badly affected, but in the meantime, the increase in the country’s export business in April has raised the expectations of the government. In such a situation, Commerce and Industry Minister Piyush Goyal said that considering the increase in exports, it is believed that the ambitious export target of $ 400 billion can be achieved this year.
According to preliminary data from the Commerce Ministry, India’s exports in April increased by 197 percent to reach $ 30.21 billion. Goyal also discussed related measures to deal with COVID-19 during the meeting of Export Promotion Council. He told that COVID helpdesk has been prepared to solve the problems caused by the epidemic. Therefore, you can contact the department.
Possibility of development in these areas
It was informed in the meeting that these days there is immense potential to increase exports in areas such as pharmaceuticals, engineering, auto-components, fisheries and agricultural products, in such a way, entrepreneurs associated with these sectors can get benefit.
Issues raised in front of Finance Ministry
Piyush Goyal says that the Commerce Department in its initial proposal has raised many issues of exporters with the Ministry of Finance. These include refund of tax on export products and resolution of adverse tax structure etc. Let us know that earlier, exporters have also appealed to the government many times to impose tax rebate rates on export products. However, no official announcement has been made by the Finance Ministry in this regard yet.
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