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Economy

Exports almost back to normal, but imports less than 50% at JNPT

Updated : June 16, 2020 05:38 PM IST

Sanjay Sethi, Chairman of Jawaharlal Nehru Port Trust (JNPT) is in conversation with CNBC-TV18 to give a sense of whether and how this unlock is working as far as export-import (EXIM) trade.

Talking about the June situation he said, “In June the exports have picked up. What happened in the month of April and May was that the imports did not fall down so much, but the exports had fallen more because of all the industrial units were closed. Overall unlock basically means in June exports have picked up so it will be only a little while by the time imports will also come to that balancing level.”

He further added, “We managed to keep utilisation at 70 percent. In June also till now the only change in the equation is that last 5 days I am doing as much as 90 percent-plus of the exports. Since we are only on the 15th of June by June 30th as I am saying the imports should also pick up. In the last few days, the imports should also pick up because right now in the last few days the imports have fallen down a little. The decrease is more than 40 percent now. But overall buy June 30th this should stabilize more mainly because a lot of these units have started working on exports.”

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