Home / Knowledge / News / India's scaling growth hits world slowdown: FIEO Chief
India's scaling growth hits world slowdown: FIEO Chief
Sep '10
Buoyed by the continuous growth in India's exports during the last nine months, which valued at US $ 16240 million in July, 2010 which was 13.2 % higher than the last level, Mr A Sakthivel, President, Federation of Indian Export Organisations (FIEO), said such sustained growth is commendable and shows that the diversification of export destinations through focus market schemes and market linked focus scheme have started yielding results.

He further attributed the pro-active role of Hon'able Minister of Commerce & Industry thru announcement of trade friendly annual supplement of foreign trade policy for scaling up of India's share in International market which registered a positive growth of 30.1% in dollar terms and 22.8% in Rupee terms during April-July, 2010.

Mr Sakthivel further observed that India's trade relations with countries like Africa, Latin America, the Middle East and Asia region have largely improved. He expressed confidence that export target of $200 billion fixed for the current fiscal even surpass it, given sector specific package for apparel, textiles, leather, tea, which are not exhibiting growth in the revised Foreign Trade Policy scheduled on August 23.

The FIEO chief, however, said that the Government needs to take the Foreign Manufacturers Legal Accountability Act, 2010 with the US authorities which will have serious implications for exports of drugs and pharmaceuticals, medical equipment, cosmetics, chemicals and pesticides, auto components and consumer goods as it would lead to additional cost of compliance and may be used as a non-tariff barrier against Indian exports.

Mr Sakthivel also said that the export credit rates may be pegged at the base rates as many banks are offering export credit at 150 basis or 200 basis points above the base rate.

Federation of Indian Export Organisations (FIEO)

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search