/images/ppid_a911dc6a-image-178262713009925299.webp)
/images/ppid_a911dc6a-image-178262703319640288.webp)
Mumbai, Jun 25 (PTI) Reserve Bank Governor Sanjay Malhotra on Thursday met representatives of export organisations and discussed matters related to Foreign Exchange Management Act (FEMA).
In his address, the Governor highlighted significant contribution of exporters to India’s economic transformation and commended their resilience amid an uncertain global trade environment and evolving geopolitical challenges.
He underscored the importance of such engagements in understanding stakeholder concerns and facilitating informed policy formulation.
The meeting was attended by representatives of various Export Federations, Export Promotion Councils, Export Committee of Confederation of Indian Industry and Foreign Exchange Dealers’ Association of India.
“The discussions during the meeting covered matters related to Foreign Exchange Management Act (FEMA), 1999, including export-related regulations, export credit, Letters of Credit, and other procedural aspects,” RBI said in a statement.
Participants shared their suggestions and feedback on policy and operational matters affecting the export sector.
The Reserve Bank also said it would examine the suggestions and feedback to further support and encourage the export sector in the country.
The meeting was also attended by deputy governors Swaminathan J, Poonam Gupta and Rohit Jain and other senior officers of the central bank. PTI NKD NKD ANU ANU
