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Covid-19 crisis: Govt allows PPE exports after prices crash over 65%

Prices of some grades of PPE have crashed by over 65 per cent in the last one and a half months owing to glut in the domestic market.

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The industry seemed divided in its reaction to the relaxation in export policy.

Sohini Das Vinay Umarji Mumbai/Ahmedabad

3 min read Last Updated : Jun 30 2020 | 2:51 AM IST

India opened up exports of personal protective equipment (PPE) or medical coveralls, albeit in a restricted manner, as supplies in the domestic market have picked up significantly, leading to a price crash.

Prices of some grades of PPE have crashed by over 65 per cent in the last one and a half months owing to glut in the domestic market.

The Directorate General of Foreign Trade (DGFT) in a notification on Monday said it is revising the export policy for medical coveralls to 'restricted' from 'prohibited'. The government has set an export quota of 5 million PPE every month.

The industry seemed divided

Topics : Coronavirus Lockdown India exports Health Ministry Indian Economy

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