The government wants to capture greater market share in global trade and has kick-started an exercise for mapping region specific exports to achieve this aim. It has identified the pharmaceutical sector as an “export commodity with high potential” to garner higher market share in Euro…
Tag: FIEO
India moots framework for SME sector cooperation in BRICS
India is working on a mechanism to boost cooperation amongst Small and Medium Enterprises in the five-nation BRICS to promote joint ventures and share expertise on strengthening the sector. New Delhi, which holds the Presidency of the BRICS this year, is drafting a framework for a joint growth st…
India needs to retain its export market share | Pranab Mukherjee
As the volume of world trade is expected to remain sluggish in 2016, India needs to devise cohesive strategies of retaining its market share first and then increasing it, President Pranab Mukherjee said. He also said that exports sector is dynamic and is affected by changes in the policy both at …
Single MEIS Application for all EDI ports soon
In line with the objective to enhance the ease of doing business, Integrated declaration under the Customs single window has been implemented under which exporters would not be required to take permission from other agencies. This was stated by Najib Shah, Chairman, Central Board of Excise & …
Government must lend more support to arrest declining exports | S C Ralhan, President, FIEO
Showing serious and legitimate concern over the trade date for the month of the March, 2016 which has shown a modest decline of -5.47 percent in exports and a large decline in imports of -21.56 percent, S C Ralhan, President, Federation of Indian Export Organisations (FIEO) said that continuous s…
Minimum import price hurting exports and MSME units | S C Ralhan, President, FIEO
S C Ralhan, President, FIEO said that exporters are already working on low margins and facing cut-throat competition besides huge volatility in currency. The imposition of minimum import price resulting in increase in steel prices by 15% has further blunted the competitive edge of Indian engineer…
Modest decline in exports due to low base effect: S C Ralhan, President, FIEO
Responding to the released Trade Data for the month of February, 2016 exhibiting a modest decline of -5.66%, S C Ralhan, President, FIEO said that this is largely on account of low export base in February, 2015 which itself was based on 15% decline on year-on-year basis. President, FIEO said tha…
More tax sops for small businesses expansion
The budget proposal to offer tax exemptions for small businesses with turnover of up to Rs 2 crore, twice the previous limit, will encourage them to expand and do business fairly, said experts. When SMEs expand production, they fall off the tax exemption bracket which is a major deterrent for gro…
A good socio economic budget; will boost exports | S C Ralhan, President, FIEO
FIEO welcomed the measures announced by the Government to improve the socio economic scenario of the nation. FIEO Chief S C Ralhan observed that some of the measures will have good long term impact on the export sector mainly the announcement to set up 1500 multi skilled training institutes and N…
FIEO asks fiscal benefits for MSME exporters in Budget 2016
Apex exporters body FIEO today suggested the government to extend fiscal benefits to Micro, Small and Medium Enterprises (MSMEs) to boost exports from the sector. MSME sector contributes about 45 per cent to the country’s total exports. “MSME exporters may be provided additional expor…