Search Result for : Federation Of Indian Exporters Organisation Fieo

The Dollar Business Bureau  The Ministry of Commerce may have to make some changes in the export-related schemes due to the implementation of the GST. The DGFT, A K Bhalla said that the commerce ministry is in consultation with the stakeholders’ for a mid-term review of the Foreign Trade Policy (FTP). Speaking to the media at a meeting of the FIEO in New Delhi, Bhalla said, “There is going to be certain changes (in the FTP) due to the implementation of GST. Some schemes may be rewritten.”  It should be recalled here that the Commerce and Industry Ministry had in January, appealed to the GST Council to keep exports out of the GST ambit or provide ‘ab intio exemption’ to exporters and levy ...

The Dollar Business Bureau | @TheDollarBiz Aerial view of Dubai seaport (UAE). Dubai is considered as a major sourcing market for the Middle East, Africa, Europe, and also Pakistan.   The Federation of Indian Exporters Organisation (FIEO) has said that the India Expo in Dubai (October 15-16, 2014) is expected to boost bilateral trade between India and United Arab Emirates (UAE) by over $20 billion and will open opportunities in both trade and investment. UAE is a major destination for Indian goods and a strategic re-export market for India. According to FIEO, UAE is a gateway to several regions including Africa, West Asia and Europe and collectively represents $84 billion business. While bilateral trade between India and UAE has traditionally been strong, ...

The Dollar Business Bureau | @TheDollarBiz Amman is the capital and most populous city of Jordan   The Arab kingdom of Jordan has caught the fancy of Indian exporters after exports from India to the West Asian country soared to $554 million in April –July 2014, which is up about 137% from $234 million recorded in the corresponding period last year. While India’s Look East policy has garnered much attention in the recent months, thanks to the several visits of dignitaries to East Asian countries, exporters are wasting no time in boarding the plane to West Asia where much action is promised as a part of reconstruction efforts due to the Syrian war. The Jordanian government’s immediate focus is energy. Recently, ...

A delegation from Vietnam is in India to promote investment in several sectors including IT, textiles and food processing The Dollar Business Bureau | @TheDollarBiz Vietnam is Indias 29th largest trade partner (ahead of Bangladesh), and is a growing market for India with bilateral trade between the two countries growing to $8.03 billion in FY2013-14, up sharply from $2.36 billion in FY2009-10. Last fiscal year, Indias exports to Vietnam grew around 37.2% y-o-y to $5.44 billion. However, there is still a huge potential waiting for Indian exporters, says the Federation of Indian Exporters Organisation (FIEO). (In $ thousand) Source - International Trade Centre India imports mainly electronic equipment and spices from Vietnam, while Indias exports to Vietnam comprise mainly agriculture and food products; ...

The Dollar Business Bureau | @TheDollarBiz The Federation of Indian Exporters Organisation (FIEO) says that bilateral trade between India and Pakistan has the potential to grow almost four times to over $10 billion if Pakistan grants the Most Favoured Nation (MFN) status to India. Under the World Trade Organisation (WTO) obligations, India had granted the MFN status to Pakistan in 1996, but Pakistan has not reciprocated so far. In 2012, the Pakistan government agreed to award the MFN status to India and it was anticipated that the Nawaz Sharif government will do so by the end of 2014. However, the recent turmoil in Kashmir has derailed negotiations between the two countries. FIEO hopes that talks between India and Pakistan will ...

The Dollar Business Bureau | @TheDollarBiz   The Reserve Bank of India (RBI) says that policy efforts, improvement in exports and a steep decline in imports helped reduce the full year current account deficit (CAD) in FY2013-14 to $32.4 billion or 1.7% of GDP (valued at around $1.9 trillion) from the large deficit of 4.9% of GDP recorded in Q1 of FY2013-14. “Following a lower trade deficit accompanied by robust growth in services export and stable flows of remittances, CAD declined to 1.7% of GDP in 2013-14,” the RBI says in its Annual Report (ended June 30, 2014). Policy decisions to curb gold imports last year were effective, and other factors such as low international prices of oil, fertilisers and ...