Home / Knowledge / News / Textiles / Export growth result of Market Diversification: President, FIEO
Export growth result of Market Diversification: President, FIEO
17
Aug '10
Hailing the continuous growth in exports for last nine months, Mr. A Sakthivel, President, Federation of Indian Export Organisations (FIEO) said that the same is commendable and shows that the diversification ofexport destinations through focus market schemes and market linked focus scheme have started yielding results.

He said that the growth is largely attributable to India's growing exports to Africa, Latin America, Middle East and Asia region. President FIEO added that Government should bring sector specific package for Apparel, Textiles, Leather, Tea, which are not exhibiting growth, in the revised Foreign Trade Policy scheduled on 23rd August.

Mr. Sakthivel concurred with the views of the Commerce Secretary that we will achieve the export target of US$200 Billion fixed for the current fiscal and may even surpass it.

FIEO Chief, however, said that the Government needs to take Foreign Manufacturers Legal Accountability Act, 2010 with the US authorities which will have serious implications for exports of drugs & pharmaceuticals, medical devices, 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

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Yash P. Kotak
Bombay Hemp Company

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

Wendell Rodricks
Wendell Rodricks

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search