FIEO-FICCI support PM’s call for $400bn exports this fiscal
Exporters will go an extra mile to realise the target of US$400 billion exports this fiscal, responding to Prime Minister Narendra Modi’s all out support to promote trade, according to FIEO President Dr A Sakthivel.
The Prime Minister has expressed his deep concerns on logistics challenges faced by exporters and appropriately identified that logistics constraints and cost is a key challenge for exports and suggested both policy intervention and infrastructure creation to achieve it. President FIEO said that he is hopeful that the Government will do its best to address it expeditiously.
He said that exporters will handhold startups, artisans and farmers to enter into the field of exports to have a mutually beneficial relationship while FIEO will engage with Indian diaspora to facilitate country’s exports.
Commenting on the statement that the Government stands with exporters to help them to excel globally, Sakthivel said such support will go a long way not only in reducing compliance burden but also augmenting export production and diversifying exports base.
Separately, FICCI has also welcomed the path highlighted by the Prime Minister to achieve a higher growth target of exports by the end of this year.
Interacting with Heads of Indian Missions abroad and leaders from the world of trade and commence on the theme ‘Local Goes Global – Make in India for the World’, Prime Minister Modi pointed out on 6 Aug 2021 that “today the world is getting smaller and smaller every day due to physical, technological and financial connectivity”. “In such a situation, new possibilities are being created around the world for the expansion of our exports.”
At present Indian exports are about 20% of the GDP.
Commenting on the Prime Minister’s address, FICCI Secretary General Dilip Chenoy said, “The Prime Minister’s direction of ‘Local goes Global – Make in India for the World’ is visionary and will energize all stakeholders to contribute to the of US$400 billion merchandise exports this year.” #exports #investment #banking #manufacturing /fiinews.com
