FIEO seek RBI intervention; exporters facing challenges from high tariffs, input cost inflation

FIEO seek RBI intervention; exporters facing challenges from high tariffs, input cost inflation

NEW DELHI: (Sep 11) Exporters' body FIEO on Thursday sought immediate intervention of the Reserve Bank, citing multiple challenges faced by the export sector, including rising tariffs, input cost inflation, demand volatility, and stressed that banks must act not just as financial enablers but as long-term partners in export sustainability.

In a meeting with the RBI, the Federation of Indian Export Organisation (FIEO) suggested that banks should offer flexible credit solutions, timely restructuring of credit, and advisory support to help exporters maintain their operations and global commitments.

"Exporters are currently battling compounded challenges, including rising tariffs, input cost inflation, and demand volatility. In such times, banks must step in not just as financial enablers but as long-term partners in export sustainability. We request RBI's guidance to ensure banks adopt a proactive and compassionate posture," it has told the Reserve Bank.

(Source: PTI)