India’s largest job creator and contributor to exports, the small and medium sectors are in need of urgent attention of the PM’s ‘Start-Up India’ programme as stated by the Engineering Exporters Apex body EEPC India Chairman T S Bhasin when the exports from these sectors had a double-digit fall for several months in a row.
Extending the benefits of the programme to SME exporters would help them cope up with the global slowdown and maintain the country’s current account stability.
Mr. Bhasin also remarked how cautious the government needs to get before cuffing restrictions on the import of essential raw material like steel. Liberal export incentives are the need of the hour in order to handle the situation since waiting for the budget till the end of February would be too late.
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