India needs a unique approach to capture market, President
Aamir H Kaki The Federation of Indian Export Organisation’s (FIEO) golden jubilee celebrations were held at Vigyan Bhavan on Wednesday, with the President as its Chief Guest. Speaking on the occasion the President gave his opinion on various export related issues that India could achieve in the coming years. He touched upon domestic and international export policy trends, market strategies, quality control standards, port-led development, the Indian economy and its positive growth rate in the world. It was invigorating as well as enlightening to hear the President extolling several sectors and the steps needed to reform those that were yet to meet their mark. Innovation is the key to success. Stressing on the same the President said that our needs to be ...
PM's tour must focus on services exports to China
Himanshu Vatsa | The Dollar Business Indian business community seems to have high expectations ahead of Prime Minister Narendra Modi’s five-day trip to China, South Korea and Mangolia, beginning May 14. According to reports, Indian and Chinese private companies are expected to sign business deals worth US$ 20 billion during the prime minister’s visit. The Federation of Indian Export Organisation (FIEO), an apex body of exporters, has expressed hope that the trip will bridge the trade deficit between India and China. “If exports have come down to less than US$ 12 billion in this financial year from US$ 18-20 billion recorded two years back, that means something is wrong with our exports strategy towards China. And I think there has ...
Tax reforms, changes in import duties among FIEOs recommendations to government
The Dollar Business Bureau In an attempt to clarify its stand on the requirements of the export community of India, the Federation of Indian Export Organisation (FIEO) has laid out its recommendations and complaints to the Finance Ministry. In a meeting with Arun Jaitley, Finance Minister, today, Rafeeque Ahmed, President, FIEO, said that the government should remove the National Calamity Contingent Duty (NCCD) on crude oil imports in order to support petroleum product exports which account for over 19% of India’s total exports. “Removal of this duty on imports under advance licenses, which only earns the Government a sum of less than Rs.100 crore per annum, will lead to improving the competitiveness of Indian exports,” he said. The FIEO chief ...
