New Delhi, April 9 (TIWN) Industry body Federation of Indian Export Organisations (FIEO) has urged the government to immediately provide Rs 30,000 crore worth of interest-free working capital term loan to exporting companies for easing their working capital liquidity issues and prevent large- scale unemployment that could follow post-lockdown, especially in the labour intensive sectors.

The demand for addressing the liquidity issues of exporters has been made in a letter sent to Prime Minister Narendra Modi by FIEO president Sharad Kumar Saraf.  In the letter, Saraf has said that the country's exports will take an unprecedented hit in these challenging times with the sector facing over 50 per cent cancellation of orders.