AHMEDABAD: With cancellation of over 50% of orders and gloomy forecast for the future, India’s export sector may witness 15 million job losses and rise in non-performing assets (NPAs) among exporting units, said Federation of Indian Export Organisations (FIEO).
Stating that exporters are left with very few orders, FIEO president Sharad Kumar Saraf, said, “If factories are not allowed to operate with a minimum workforce to execute them (orders) timely, many will suffer irreparable losses bringing them to the brink of closure.”
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The exporters’ body on Friday also sought immediate announc
15 million jobs likely to be lost in export sector, relief sought
Byindianadmin
Apr 11, 2020