Home > Business > PTI > Report

No revision of export target: Govt

October 30, 2003 12:11 IST

The government on Thursday ruled out any downward revision of the 12 per cent export growth target set for this year and was confident that Reserve Bank of India's credit policy on November 3 will address exporters' concerns of appreciating rupee and credit availability.

There will be "no revision of target" in the face of falling exports growth during the last two months, outgoing commerce secretary Dipak Chatterjee said, adding, "We are keeping a watch and the downslide (on exports growth) was not any undue cause for worry."

Commerce ministry has notified the apex bank of the exporters concerns over appreciating rupee and non-availability of credit.

Chatterjee will quit his post after 21 months stint on October 31 to takeover as chairman of the newly constituted Competition Commission of India.

Regarding export credit, Chatterjee told PTI that the commerce ministry wanted the central bank to ensure that credit was made available as per the guidelines already laid down by RBI.

Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor




Related Stories


Dip in exports temporary: Govt

Check rise of rupee: PHDCCI

Exports hit by appreciating Re



People Who Read This Also Read


Operators swear by Hexaware

RBI eases norms for OBUs

Focus on credit delivery costs






© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2003 rediff.com India Limited. All Rights Reserved.