With exports recording continuous growth, exporters body FIEO
expects that the country's merchandise shipments would reach $325 billion
Federation of Indian Export
Organisations (FIEO) President Ganesh Kumar Gupta
also said while India is showing a positive trend on exports since the last nine months, there is a bit of anxiety in the business with regard to the Goods and Services Tax (GST).
"Indian exports have been on an upward trend in last few months with export
of $275 billion
in last fiscal and a target of $325 billion
to achieve in 2017-18," FIEO
said in a statement.
Quoting the secretary, FIEO
said, "GST is a well needed reform and the transition will require some time, and calibrated process of foreign trade policy will be continuous".
With regard to shipping lines overcharging, she stated that the Director General Shipping has been informed and they are waiting for a response from them.