Exports to revive by year-end: FICCI

October 1st, 2009 NEW DELHI - India's merchandise exports fell for the 11th straight month in August, with the value of shipments falling 19.4 percent to $14.29 billion from $17.72 billion in the like month of last year. According to an official trade data released Thursday, merchandise exports during the first five months of this fiscal were down 31 percent at $64.13 billion, compared with $92.96 billion registered duing the corresponding period of last fiscal.

August 11th, 2009 NEW DELHI - The Federation of Indian Chambers of Commerce and Industry (FICCI) on Tuesday requested Prime Minister Dr. Manmohan Singh to give incentives and support to exporters.

August 3rd, 2009 NEW DELHI - India's merchandise exports fell for the ninth straight month in June and were valued at $12.82 billion, down 27.7 percent over $17.73 billion registered in the like month last year, the latest trade data showed Monday. Imports, too, declined 29.3 percent in June, and were valued at $18.98 billion against $26.86 billion in the corresponding month of last year, showed the data release by the commerce and industry ministry.

July 21st, 2009 NEW DELHI - Despite high interest cost and falling exports, India's manufacturing sector will recover in the second quarter this fiscal, says a report by the Federation of Indian Chambers of Commerce and Industry (FICCI). "Indian manufacturing sector is likely to witness more than a moderate growth with eight out of the 10 sectors surveyed reporting not only positive but also high growth for July-September 2009 vis-a-vis same quarter last year," said the FICCI report.

July 19th, 2009 NEW DELHI - India-Bangladesh bilateral trade can double by 2011, says the Federation of Indian Chambers of Commerce and Industry (FICCI), which has suggested a multi-pronged action agenda for creating a favourable investment climate. According to FICCI, India's trade with Bangladesh increased from $1 billion in 2001-02 to $3.17 billion in 2007-08, more than three folds, mainly on the back of a 79.4 percent increase in India's exports.

June 24th, 2009 WASHINGTON - The Export-Import Bank of the United States (Ex-Im Bank) and the Federation of Indian Chambers of Commerce and Industry (FICCI) will work together to expand the trade relationship between the two countries. Ex-Im Bank Chairman and President Fred P.

June 17th, 2009 NEW DELHI - Federation of Indian Chamber of Commerce and Industry (FICCI) has called for cheap export credit and income tax exemption for export earnings for Indias garments exporters. At a meeting with Textiles Minister Dayanidhi Maran Wednesday, FICCI advocated credit for exporters at an interest rate of 7 percent, 100 percent exemption on income tax for export earnings for three years, initiation of skill development programmes, and reimbursement of duties to exporters.

June 14th, 2009 NEW DELHI - Hit by the influx of cheaper Chinese goods in the domestic market, India's small and medium enterprises (SMEs) want tougher safeguard duties and quality norms to be imposed on imports from the neighbouring country, say an an industry lobby survey. Chinese goods are 10 to 70 percent cheaper than their Indian counterparts and the flood of such products in the domestic market have affected companies across sectors at a time when demand is already low due to the global slowdown, said the survey conducted by the Federation of Indian Commerce and Industry (FICCI).

April 30th, 2009 NEW DELHI - India's exports to the US have fallen by 11.5 percent in the five-month period since last October, said the Federation of Indian Chambers of Commerce and Industry (FICCI), adding that this was a 'matter of deep concern'. 'The sharp decline in our exports to the US that accounts for 13 percent of our global exports is a matter of deep concern,' FICCI president Harshpati Singhania said in a statement Thursday.

April 5th, 2009 NEW DELHI - Amid falling overseas demand, India's export sector is likely to post negative or flat growth in the current fiscal, said an industry lobby Sunday. According to a survey conducted by the Federation of Indian Chamber of Commerce and Industry (FICCI), about 61 percent exporters feel the export sector would not pick up in 2009-10 as the world economy continues to deteriorate.

March 24th, 2009 NEW DELHI - While overall business confidence has improved this fiscal, corporates are not confident about the future, says the latest business confidence survey released Monday by the Federation of Indian Chambers of Commerce and Industry (FICCI). The FICCI Business Confidence Survey for the third quarter of 2008-09 said 64 percent of the 384 respondent companies - with turnover ranging from Rs.1 crore to Rs.33,000 crore - felt overall economic conditions have worsened between April and September 2008, down 22 percentage points compared to the previous survey.

March 8th, 2009 NEW DELHI - Growth in the manufacturing sector is expected to pick up in the first quarter of 2009-10 on the back of increasing demand in some segments, said an industry lobby survey. The manufacturing survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) said six out of the 12 sectors it covered will report higher growth rate in the April-June quarter over the year-ago period, pushing the entire manufacturing sector to positive growth.

February 23rd, 2009 NEW DELHI - Industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI) Monday urged the government to set up a separate export promotion council (EPC) for India's automotive industry to help it achieve higher share in the global market. 'A separate EPC with the primary objective of helping the Indian auto sector to achieve 5 percent share in global trade in the next 10 years needs to be created,' the chamber said in a statement.

January 3rd, 2009 NEW DELHI - Aggressive pricing by Chinese exporters, coupled with lack of credit flow and cancellation of orders, is crippling India's exports, which may go down further in the first half of 2009, said an industry lobby survey, released here Sunday. According to the report by the Federation of Indian Chambers of Commerce and Industry (Ficci), Indian exporters are facing 'meet the China price' challenge from across the market.

December 25th, 2008 SURAT - More than 100,000 people have been laid off in recent months by the gems and jewellery industry in India because of the global slowdown in demand and lack of adequate credit, an industry leader said in this hub for the sector in Gujarat. 'This is for the first time in four decades that the diamond industry is facing such a severe liquidity crunch,' said Mehul Choksi, director of the leading gems and jewellery manufacturer and exporter Gitanjali Group.