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FIEO President S C Ralhan said that there is no legal right of Indian exporters on those refunds, as only the US businesses are getting the refunds.

Exporters’ body FIEO on Wednesday said a concerted strategy would be required to achieve the goods exports target of $400 billion for 2021-22 set by the Commerce Ministry.

Sakthivel is taking charge of FIEO at a time when the country's exports are gradually reviving from the impacts of COVID-19.

Federation of Indian Exports Organisations (FIEO) President Sharad Kumar Saraf also said that 2021 would bring a ray of hope and optimism for the exporting community.

The Federation of Indian Export Organisations (FIEO) said that during the current crisis, exporters are already facing problems and the matter of risky exporters is further adding to their woes.

India's exports contracted by a record 60 per cent in April and 36.47 per cent in May.