FTAs with UK, EU to open new opportunities to boost India's exports: FIEO President
Federation of Indian Export Organisations (FIEO) President A Sakthivel has said that the proposed free trade agreements (FTAs), including with the UK, European Union and GCC would open new opportunities to boost India's exports in these markets. He said the government initiatives are helping the country record a healthy growth rate in exports.
To further boost exports, Sakthivel suggested that the government implement certain measures such as linking issuance of RoSCTL (Rebate of State & Central Taxes and Levies) and RoDTEP (Remissions of Duties and Taxes on Exported Products) with export realization for better value; and inclusion of sectors like iron and steel, pharma, and chemicals under the ambit of RoDTEP.
He also urged for a revised TMA (transport and marketing assistance) for the agri sector, solution on money stuck in export made to Sri Lanka, implementation of rupee payment system for export to Russia, and creation of MSME market promotion fund.
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