Improved shipping industry will generate more jobs
The setting up of E-Commerce Export Hubs under PPP mode will enable MSMEs and traditional artisans to sell their products in international markets and promote trade and export related services under one roof, according to FIEO President Ashwani Kumar.
“This will also further help in promoting the Districts as Export Hubs and One District One Product schemes of the government thereby promoting GI products and handicraft goods, showcasing such products for the benefit of artisans, craftsman and farmers as well as increasing their income many folds commerce ,” he said in comments on the Union Budget 2024-25, tabled in parliament on 23 July.
FIEO Chief also said that the proposal for ownership msc , leasing and flagging reforms, which will be implemented to improve the share of the Indian shipping industry shipindia and will generate more employment, is another favourable initiative by the government. This shipping initiative was proposed by FIEO during its Pre-Budget consultation maersk .
Further, he believes that one of the key announcements in the Budget has been a roadmap for moving the ‘hard to abate’ industries from ‘energy efficiency’ targets to ‘emission targets’ to be formulated soon for which appropriate regulations for transition of these industries from the current ‘Perform, Achieve and Trade’ mode to ‘Indian Carbon Market’ mode will be put in place. Fiinews.com
