Federation Of Indian Export Organisations

Exporters' body Federation of Indian Export Organisations (FIEO) on Tuesday said SC Ralhan has assumed the role of the new president of the body. He has replaced Jalandhar-based exporter Ashwani Kumar. FIEO also said that Ravikant Kapur has taken charge as the vice-president of the organisation. Ralhan has over 50 years of experience in exports, particularly in the engineering and hand tools industry. He is also the Managing Director of Ludhiana-based Sri Tools Industries. Ralhan emphasized his commitment to tackling the ongoing tariff and trade barriers that have impacted Indian exporters. "He outlined a proactive strategy that includes engaging with global trade bodies and policymakers to negotiate favourable tariff structures and reduce restrictions; promoting export diversification to mitigate risks associated with over-dependence on specific markets, ensuring swift policy interventions to counter unfair trade practices and enhancing global competitiveness by advocating for ..

The demand has come at a time when there is an expected policy shift in the US by President-elect Donald Trump, who wants to impose higher tariffs on Chinese goods

Among the other West Asian countries-Iran, Iraq, Israel, Jordan, Lebanon, Syria and Yemen-the value of the trade with Iraq and Israel is the highest.

Apex exporters body FIEO on Tuesday urged the government to extend the interest subvention scheme for five years to help increase credit flow in the sector in order to boost the country's shipments, which registered a steepest decline in 13-month falling 9.3 per cent in August to USD 34.71 billion. Earlier this month, the government extended the interest equalisation/subvention scheme, which provides interest benefits, on pre- and post-shipment rupee export credit for one more month till September 30. "The scheme will end on September 30. We have requested for it to be extended for five years. If there is no interest equalization scheme, then we will lose some markets and some orders," Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai told reporters here. The scheme helps exporters from identified sectors and all MSME (micro, small and medium enterprise) manufacturer exporters to avail of rupee export credit at competitive rates at a time when the global .

Apparel, footwear and gems & jewellery sectors set to post better results

The scheme aims to promote India's exports on a sustained basis

A multi-product Indian business delegation on a five-day visit to South Africa and neighbouring Botswana has been well-received by potential partners for trade and investment in both countries, the delegation leader said on Wednesday. The delegation from the Federation of Indian Export Organisations (FIEO) explored the business opportunities in these two nations. Under the theme Balancing and Nurturing Trade Relations and Developing Promising Bilateral Trade, day-long seminars including local speakers were co-hosted by FIEO and the Indian missions in Johannesburg and Gaborone, followed by Business-Business meetings and interactions with government ministers and officials. The delegation has been well-received by potential partners for trade and investment in both South Africa and neighbouring Botswana, delegation leader Khalid Khan told PTI on Wednesday. The African region has always been a very attractive market due to the huge market potential, so the delegation was aimed at ...

Rajasthan is aiming to become a major exporting state in the coming years, an official of the Rajasthan Export Promotion Council (REPC) has said. The state had exported goods worth Rs 72,000 crore in 2021-22, out of which 11 per cent were handicraft items, REPC Chairman Rajiv Arora said. "The current fiscal is very turbulent due to geopolitics for which freight costs have risen exorbitantly. But we are expecting that exports from the state in 2022-23 will be around Rs 82,000 crore," Arora said. In its first international EXPO at Jodhpur on March 20-22, the REPC will showcase the state's products like handicrafts, textiles, garments, agricultural products, spices, stone and marble ware, he said here on Wednesday. The state is laying focus on the MSME sector, Arora said adding that the government has decided to give interest subvention for projects up to Rs 50 crore. The state government has also stated in its industrial policy that incentives will be given for asset creation. Besid

There is an urgency among exporters to hedge following the euro's rally to above 88, a treasury sales official at a private bank said

Increasing exports to markets such as Brazil, South Africa and Saudi Arabia are boosting the growth of the country's outbound shipments, FIEO said on Tuesday. Federation of Indian Export Organisations (FIEO) President A Sakthivel said the Economic Survey has rightly highlighted India's growing and diversifying merchandise trade. "The new diversified markets, including those of Brazil, South Africa and Saudi Arabia, have led to the increase in exports by up to 2 times," he said. The ongoing trade negotiations with the UK, EU, Canada, and Israel will also add further impetus to our exports, he added. "Reducing the cost of logistics in the country, which now to the tune of 14-15 per cent, comparable to the global benchmark, will help in making our exports more competitive worldwide," Sakthivel said. Yogesh Gupta, Regional Chairman, FIEO (Eastern Region), said the exporter fraternity is expecting fiscal support and affordable credit, from the upcoming budget. "A need of the hour is t

During October, India exported goods worth $280 million, up 3.7 per cent as compared to a year ago, led by demand for items such as vegetables, tea, coffee, chemicals as well as iron and steel product

Decline 17% to $29.8 billion in October

The World Trade Organization (WTO) has also painted a grim picture for the outlook of global trade next year amid fears of a recession

It is difficult to understand why the exporters want the taxpayers' money to further their businesses

The policy could throw light on how India may want to be integrated into the global value chain, for which realignment has started, and factors that have affected the integration

Say India is better placed even as exports decline

Better export figure largely due to low-base effect, as Covid-19 induced nationwide lockdown a year ago had temporarily stopped economic activity

The FIEO says the e-module is a first-level marketplace where exporters can post their container demands online, which will help in ground-level assessment of containers required in the country

Exporters fume as notification by Commerce Department confirms January 1, 2021 as end date for scheme

Exporters associations say orders are coming but there is a problem in boosting production as workers stay away in coronavirus pandemic