Exporters are not getting enough attention from the government and the funds allocated to the sector under different schemes and incentives are not enough, said the Federation of Indian Export Organisations (FIEO) recently.
While welcoming the exports growth of of 36.2 percent in April, Federation of Indian Export Organisations (FIEO) President, A. Sakthivel said that the first month figure is a clear indication that we would be able to meet the export target of USD 200 billion set for 2010-11.
The Federation of Indian Export Organisations (FIEO) on Sunday met the Director General of Foreign Trade (DGFT) in New Delhi and suggested a slew of measures to boost export in the current fiscal which is set to show marginal decline in 2009-10.
Despite 4.7 percent down fall in India's merchandise exports over the fiscal year 2009-10, it has shown fastest growth in March in the last six years, said A. Sakthivel, President, Federation of Indian Export Organisations (FIEO).
The Federation of Indian Export Organisations (FIEO) Wednesday demanded incentives for value addition in exports and regulated rates of export credit considering tough global market conditions and stagnant credit offtake.
The Federation Of Indian Export Organisations (FIEO) on Monday said that higher dollar inflows from Foreign Institutional Investors (FIIs) has created rupee volatility, which in turn, severely impacting the country's export sector.
Textile industry welcomed the fixing of reasonable rates under the Goods and Services Tax (GST) regime on most of the items and also thanked the Finance Minister Arun Jaitley for quick conclusions on the subject.
Commenting on the GST rates, A Shaktivel, Regional Chairman, Federation of Indian Exporters' Organisation (FIEO)'s Southern Region, said that the lower rates under GST across the products that have high potential of exports will go a long way in encouraging 'Make in India'.
A Sakthivel, President, Federation of Indian Export Organisations (FIEO) while commenting on the annual monetary policy stated that as anticipated the RBI has hiked short term lending rates and CRR, however, whether the 25 basis points increase across the board would be sufficient to contain the accentuating inflation which is at an average WPI of 8% and a CPI of over 13% is a matter of debate but will lead to increase in the interest rates.
As per the feedback received from some of the Indian participants at the China Import and Export Fair (Canton Fair), on-the-spot orders worth about USD 50 million have been booked and business worth about USD 100 million is likely to be generated, Federation of Indian Export Organisations (FIEO) informed in its release.
The 3-day 'India Show' to be held from Tuesday, in Dubai will help to boost trade between India and the UAE, said the Federation of Indian Export Organisations (FIEO) on Monday.
The Federation of Indian Export Organisations said that growth in imports by 43.3 percent in April, as revealed by the foreign trade data revealed by the government Tuesday, signifies "complete revival" of the manufacturing sector.
With uncertainty reigning in the European markets, which was triggered by the sovereign debt crisis in Greece, the government should consider extending focus market benefits to left over European countries, urged the Federation of Indian Export Organisations (FIEO) on Friday.