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FIEO urges Government to support exporters in undertaking overseas marketing initiatives to boost exports With a view to boost outbound shipments, Federation of Indian Export Organisations (FIEO) has urged the government to support domestic exporters in undertaking overseas marketing initiatives. FIEO President A Sakthivel said that Indian exporters lack in marketing and small exporters hardly have resources to market aggressively overseas.   He stated ‘Government support and encouragement for aggressive marketing will push exports and will yield the desired results. We need to s...
FIEO urges Government to support exporters in undertaking overseas marketing initiatives to boost exports
FIEO urges Government to support exporters in undertaking overseas marketing initiatives to boost exports
Source: Accord Fintech
5/05/2023 10:53:18 AM
India`s exports likely to rise by 3-5% this fiscal : A Sakthivel Federation of Indian Export Organisations (FIEO) President A Sakthivel has said India's exports are expected to grow by 3-5 per cent to $435-445 billion in this fiscal. In 2021-22, the country's exports touched an all-time high of $422 billion. Sakthivel said that the coming months are going to be little challenging unless both global economic growth and geopolitical situation improve drastically. He said ‘However, we will be on course to cross the previous year's goods e...
India`s exports likely to rise by 3-5% this fiscal : A Sakthivel
India`s exports likely to rise by 3-5% this fiscal : A Sakthivel
Source: Accord Fintech
20/02/2023 10:01:53 AM
Exclusive-India to offer incentives to boost shipbuilding industry India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, two government sources said, as part of an effort to reduce the pain of high freight rates for the nation's manufacturers. The plans include subsidies so that at least 50 new vessels can be built, as well as granting "infrastructure status" to the industry which would help with financing from banks, said the government officials. This could also include incentives to...
Exclusive-India to offer incentives to boost shipbuilding industry
Exclusive-India to offer incentives to boost shipbuilding industry
Source: Reuters
1/12/2022 4:51:09 PM
Trade representatives seek greater support for export sector from Finance Minister Increase in personal tax exemption and deduction limits and greater support for the exports sector were some of the key demands which were made before Finance Minister Nirmala Sitharaman by the trade and service sector representatives, who met her on Thursday as part of pre-budget consultations. The Federation of Indian Export Organisations (FIEO) sought creation of a fund and availability of credit at affordable rates, while also urging the Finance Minister to extend greater support to ex...
Trade representatives seek greater support for export sector from Finance Minister
Trade representatives seek greater support for export sector from Finance Minister
Source: IANS
24/11/2022 5:14:28 PM
India to achieve $2 trillion export target by 2030: Piyush Goyal Commerce and Industry Minister Piyush Goyal has expressed confidence that the country will achieve the export target for goods and services to USD 2 trillion by 2030. He emphasised on sustaining the export momentum and said that he is confident that Indian exports will be able to wither the global headwinds and will surpass growth in exports by a big margin. He also said that by 2047, the country will become a USD 30 trillion economy with 25 per cent share in exports. The industry particip...
India to achieve $2 trillion export target by 2030: Piyush Goyal
India to achieve $2 trillion export target by 2030: Piyush Goyal
Source: Accord Fintech
17/10/2022 10:30:48 AM
FIEO urges Finance Minister to extend GST exemption on export freight The Federation of Indian Export Organizations (FIEO) has urged Union Finance Minister Nirmala Sitharaman to extend the Goods and Services Tax (GST) exemption on export freight that lapsed on September 30. The FIEO expressed concern that if the exemption is not extended, it will add to their liquidity challenges amid rising interest rates. Since its introduction in 2018, the government had extended the exemption twice till September this year. FIEO President A Sakthivel has said that overse...
FIEO urges Finance Minister to extend GST exemption on export freight
FIEO urges Finance Minister to extend GST exemption on export freight
Source: Accord Fintech
4/10/2022 3:57:37 PM
Indian exports to six Gulf Cooperation Council countries grow by 44% in FY22: FIEO The Federation of Indian Export Organisations (FIEO), the apex body of India's export promotion councils, has stated that Indian exports to the six Gulf Cooperation Council countries (GCC) grew by 44 per cent to about $43.9 billion in 2021-22 fiscal year compared to previous fiscal's $27.8 billion with the UAE leading the trade with a remarkable 68 per cent growth. FIEO said paper and allied products exports to the GCC touched $638 million in 2021 with the UAE taking a major share ...
Indian exports to six Gulf Cooperation Council countries grow by 44% in FY22: FIEO
Indian exports to six Gulf Cooperation Council countries grow by 44% in FY22: FIEO
Source: Accord Fintech
22/09/2022 12:41:59 PM
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...
FTAs with UK, EU to open new opportunities to boost India's exports: FIEO President
FTAs with UK, EU to open new opportunities to boost India's exports: FIEO President
Source: Accord Fintech
28/06/2022 11:10:32 AM
Bond yields trade higher on Thursday Bond yields traded higher on Thursday after Federation of Indian Export Organisations (FIEO) has said that the country’s exports are expected to register healthy growth rate in the next financial year (FY23) might touch $530 billion as exporters are flushed with orders. FIEO further stated that additional exports will come from some of the PLI (production-linked incentive) sectors in the next fiscal. In the global market, longer dated U.S. Treasury yields rose to the highest level in...
Bond yields trade higher on Thursday
Bond yields trade higher on Thursday
Source: Accord Fintech
30/12/2021 3:15:06 PM
Specialised groups to address exporters' banking challenges: Minister Centre's specialised groups will address banking challenges faced by exporters, said Union Minister of State for Finance, Dr Bhagwat Kishanrao Karad. Speaking at the 'Banking Conclave on Exports' organised by FIEO in Mumbai on Friday, the minister announced formation of various groups to address the problems raised by exporters and other stakeholders consisting of FIEO, leading banks, IBA, Ministry of Commerce and Ministry of Finance including one on challenges of e-commerce re...
Specialised groups to address exporters' banking challenges: Minister
Specialised groups to address exporters' banking challenges: Minister
Source: IANS
27/11/2021 3:11:13 PM