Support measures announced in Budget to help boost exports:FIEO

Support measures such as focus on quality of goods and NIRVIK scheme would help push the country's exports, FIEO said on Saturday.

Federation of Indian Export Organisations (FIEO) said the Union Budget has attempted to bring structural changes in agriculture, horticulture and pisciculture through 16 action points, to make India a major player in agro and allied sectors' exports on medium to long term basis.

The focus on standards and quality of goods will facilitate exports by fetching better unit realisation and enabling Indian manufacturers to meet the technical standards, it said in a statement.

FIEO said the 'one district one product' idea can be a game changer for exports.

"Substantial exports can be targeted by focusing at the district level besides creating exports culture," it said adding the move should be supplemented by forming District Exports Council on the pattern of the US to make districts vibrant and active partner in exports.

Further he said the NIRVIK scheme will help ease lending process and enhance the availability of credit to exporters.

"Under the scheme, the insurance over guarantee will now cover up to 90 per cent of the principal and interest both on pre and post shipment credit," it said.