Over 15 million jobs at stake unless package announced immediately: FIEO

Need interest free loans, limited opening of manufacturing units soon, the Federation of Indian Export Organisations said

With more than 50 per cent of export orders currently getting cancelled, the export sector is expected to see massive job losses estimated at at least 15 million, unless a targeted economic relief package is announced soon, the Federation of Indian Export Organisations (FIEO) has told the government.

"We are left with very less orders and if factories are not allowed to work with a minimum work force to execute them timely, many of them will suffer irreparable losses and bringing them to the brink of closure as they are saddled with fixed cost, which in any case has to