SME Times is powered by   
Search News
Just in:   • Violence erupts in Bokaro after protester’s death; Steel Plant CGM arrested  • PM Modi offers UPI link to BIMSTEC nations as booster shot for trade, tourism  • S. Korea to hold emergency meets with major industries after US tariffs  • Rupee strengthens against dollar amid Trump's reciprocal tariffs  • BIMSTEC Summit: PM Modi, Yunus meet amid strained ties 
Last updated: 27 Sep, 2014  

FIEO.9.Thmb.jpg 'Growth in imports sign of mfg. sector revival'

Manufacturing.9.jpg
   Top Stories
» PM Modi offers UPI link to BIMSTEC nations as booster shot for trade, tourism
» Rupee strengthens against dollar amid Trump's reciprocal tariffs
» BIMSTEC Summit: PM Modi, Yunus meet amid strained ties
» US tariffs a chance to boost 'Make in India', empower MSMEs: PHDCCI CEO
» 26 pc levy on imports from India in Trump's reciprocal tariffs
SME Times News Bureau | 02 Jun, 2010
The Federation of Indian Export Organisations said that growth in imports by 43.3 percent in April, as revealed by the foreign trade data revealed by the government Tuesday, signifies "complete revival" of the manufacturing sector.    

FIEO President A. Sakthivel, while reacting to the  recently reported export-import figures for April, said that the growth in import by 43.3 percent in April 2010 is sign of complete revival of manufacturing sector which will further facilitate exports in months to come.

India's exports during April, 2010 were valued at US $ 16887 million (Rs.75147 crore) which was 36.2 per cent higher in dollar terms (21.1 per cent in Rupee terms) than the level of US $ 12397 million (Rs.62064 crore) during April, 2009.

Imports during April, 2010 were valued at US $ 27307 million (Rs.121517 crore) representing a growth of 43.3 per cent in dollar terms (27.4 per cent in Rupee terms) over the level of imports valued at US $ 19052 million ( Rs.95377 crore) in April, 2009.

Sakthivel added that the first month figure of the current fiscal is a clear indication that we would be able to meet the export target of US$ 200 billion set for 2010-11.

He, however, added that we need to regularly review our strategy in view of the set back in Euro zone recently and hoped that the crisis will not spread further.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter