Important issues highlighted by FIEO President in BoT Meeting

26 Nov '10

4 min read

In the given circumstances, we need to regulate FII inflows particularly in equity market either by putting a minimum retention period of at least one year on such inflows or suitably putting tax with a view to discourage them.

7 Infrastructure requirements in view of target of doubling exports by 2014 and a share of 5% by 2020:

The Report on “Building India Transforming the Nation's Logistic Infrastructure to meet future freight needs in 2020 and beyond” states that India's rail share in freight will decline to 25% from the current 36% in the normal course and if adequate measures in upgrading infrastructure are not taken then “waste caused by poor logistics infrastructure will increase from the current USD 45 billion equivalent to 4.3 per cent of today's GDP to USD 140 billion or more than 5 per cent of the GDP in 2020”.

India's present logistics network is already over stretched. Similar problems are being encountered in other infrastructure be in seaport, airport, power etc. A detailed study is required to map the gaps in infrastructure to meet the export target set for 2014 and 2020.

Federation of Indian Export Organisations (FIEO)

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