Narinder CHUGH, MD, MILLION exporter
Exports are in a negative territory since October due to several reasons. Major reason was that our GST refunds were blocked for a long time and we did not have cash and other countries/exporters took advantage and fetched orders. Secondly, the duty drawback was decreased from 10 per cent to just about two and a half percent. Thirdly, we cannot not compete with Vietnam and
Bangladesh as we are not given enough facilities and benefits.