Coronavirus: Exporters want easier NPA norms, advance tax rules to survive

FIEO says large-scale order cancellations, supply chain disturbance, troubled delayed or even non-payment of bills could force several units to shut down

Seeking immediate intervention from state and Central governments to help exporters overcome the crisis due to Covid-19 pandemic, the Federation of Indian Export Organisations (FIEO) southern region chairman Israr Ahmed today said the situation is grave and and factories across sectors will be forced to close down or stop production.

Ahmed was referring to the possibility of a large-scale cancellation of orders, supply chain disturbance, delayed or even non-payment of bills by buyers, which according to him would seriously affect the cash flow of all exporters.

The federation has asked for a host of relaxations from the Centre for the exporters to