Govt to reduce bank lending rate for exporters, says Piyush Goyal

The government is working with the Reserve Bank of India and private banks to reduce lending rates for exporters, Commerce and Industry Minister Piyush Goyal said on Friday.
 
India saw a “$50-billion” opportunity for exporters, due to ongoing global trade wars,Goyal said without specifying a time period.
 
Goyal said the ministry is in dialogue with banks to see ways to extend foreign currency loans to exporters.
 
Addressing members of the CII here, he said there are ways to resolve the problem of inadequate and expensive credit without putting a significant stress to the exchequer.
He said providing