Exporters jittery about Corona impact

The country’s exporters are finding themselves tackling an array of challenges that have arisen in the face of the rampant outbreak of Coronavirus. These include a 12-15% drop in meat exports, falling global demand for rice, restrictions on outbound shipments of medicines and a scarcity of raw material for the pharmaceutical, solar and electronic industries. The government has constrained the exports of 26 active pharmaceutical ingredients and formulations, including paracetamol, vitamins B1, B6 and B12, another concern that the industry is likely to crop up at the meeting.

In order to assess the impact of the global disruption in supply chains and its impact on India, the Commerce & Industry Minister, Shri Piyush Goyal has called a meeting with export promotion councils and industry chambers and associations on Thursday to assess. The Commerce and Industry Ministry has chalked out a list of at least 500 products where India has the potential to bridge the void created by China in the global supply chain.