India may lose markets to China if exports not resumed

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India may lose markets to China if exports not resumed

Apr 02, 2020 15:47 IST

During an interaction with Union Commerce and Industry Minister Piyush Goyal, export industry representatives have said that if the government does not find a way soon to re-open manufacturing units under lockdown, Indian products will lose their international markets to China, which has resumed production post the coronavirus outbreak. The industry players demanded resumption with some 50% manpower or even less, so that the industry is not hard hit, the Indian Express reported. Exporters also sought financial sops to pay wages, citing liquidity crunch with businesses being hit by the outbreak.

Economy