The Federation of Indian Export Organizations on Monday urged the banks to cut down charges to bring down transaction costs for exporters and help them counter the sluggish global market demand and price sensitive markets.
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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).
Business confidence of India Inc. is up pushed by rising demand but high input costs and fear about a possible interest rate hike by banks are still a big worry for the the industry, according to a new survey by the industry body Federation of Indian Chambers of Commerce and Industry.
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.
Strength of the Indian textile industry has been in low value and the government needs to formulate a comprehensive R&D policy to make the sector 'fundamentally strong', the Federation of Indian Chambers of Commerce and Industry (FICCI) said on Tuesday.
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.
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.
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 Chambers of Commerce and Industry (FICCI) on Thursday welcomed the discussion paper that was recently brought out by DIPP (Department of Industrial Policy and Promotion) on National Manufacturing Policy.
The Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday urged the government to support the country's capital goods sector, especially the small and medium enterprises (SMEs) in the field, with funds worth Rs. 500 crore for technology upgradation and enhancement of R&D activities.
The Ministry of MSME, in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI), is likely to set up an IPR (Intellectual Property Rights) monitoring cell to help SMEs in the area, a FICCI official said on Monday.
The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the government to formulate rules for the import of second hand capital goods and make those accessible to the industry.
The market was trading higher today but plunged after Federal Reserve's Beige Book renewed concerns of weak economic growth for the foreseeable future.