Govt reviewing export sectors for more stimulus, says DGFT

The government is assessing the needs of major export-oriented sectors hit by the economic slowdown to provide support for their fast recovery, Director General of Foreign Trade R S Gujral said today.

“We are carrying out a review of different sectors to find out if any further support is required to be provided by the government to facilitate their speedy recovery,” Gujral said.

Stating that the report was expected to be submitted within a week, Gujral said on the basis of the report, the government would take a call on providing further support, which might be financial as well. Gujral said he had met a majority of the representatives of the 34 export promotion councils.

Noting that sectors such as engineering goods, readymade garments, gems and jewellery had witnessed an arrest in decline in exports, Gujral said exports were still an area of concern for the government.