Kolkata - EEPC India has called on the Government of India to reinstate the Interest Equalisation Scheme (IES), ensure affordable export finance, and provide targeted assistance to help exporters absorb part of the punitive tariff recently imposed by the United States on Indian engineering exports.
In a meeting with Reserve Bank of India (RBI) Governor Sanjay Malhotra, EEPC India Chairman Pankaj Chadha highlighted the severe challenges faced by the engineering sector, particularly MSMEs, due to rising borrowing costs and the tariff impact.
“India’s engineering exports to the USA average around USD 20 billion, accounting for . . .
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