Home / Knowledge / News / Market Focus Product Scheme to strengthen market diversification
Market Focus Product Scheme to strengthen market diversification
19
Jan '10
Mr A Sakthivel, President, Federation of Indian Export Organisations (FIEO) welcomed the announcement made by the Hon'ble Commerce & Industry Minister, Mr Anand Sharma to add 112 new products in the focus product scheme and 5% special incentives for products such as Handtools, By-cycles, Nuts & Bolts, Washers, Sewing Machines, Horticulture and Agro Products which are also adversely affected due to appreciation of Indian rupee since they have virtually no import content.

FIEO Chief said that inclusion of China & Japan in the Market Linked Focus Product Scheme will help in addressing adverse trade balance with these countries which is becoming a cause of concern. Opening of warehousing in Latin America will resolve logistic issues and boost Indian exports to South America.

President, FIEO appreciated the Hon'ble Minister for taking up the issue of continuation of Interest Subvention Scheme with inclusion of the new products, availability of foreign currency credit at LIBOR+ 100 basis point and modification in crystallization of export bill with the Finance Minister which will add to competitiveness of Indian exports and will ensure availability of credit for exports at reasonable rates.

President, FIEO, however, reiterated that Government needs to extend Market Linked Focus Product Scheme to Garment sector also for export to EU and US as these markets are still not showing much improvement and Indian exporters need to continue in the market with aggressive pricing. He also added that stimulus given to export industry need to be continued in view of 14% appreciation of Indian rupee since March, 2009.

Federation of Indian Export Organisations

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search