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Export: FIEO wants to expand traditional markets

Fiinews by Fiinews
February 1, 2025
in Exports
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Exporters call for increased investment in ports, airports and logistics

Expanding beyond traditional destinations to mitigate risks was among the recommendations made by the Federation of Indian Export Organisations (FIEO) as the Indian economy is set for a 6.3% to 6.8% growth in FY26 with exports increasing by 6%.

While making the call, the exporters’ leader Ashwani Kumar welcomed the Economic Survey 2024-25, which highlights India’s external sector resilience amid global uncertainties. He also called for expansion of export markets.

The FIEO President commended the government’s efforts in navigating a challenging economic landscape and stresses the need for sustained policy focus on export competitiveness and sustainable growth https://www.makeinindia.com/home/.

With India’s GDP projected to grow between 6.3% and 6.8% in FY26 and exports increasing by 6%, overcoming global headwinds and rising protectionism, Kumar sees this as an encouraging sign for the export sector https://www.bseindia.com/.

He emphasized that a stable and growing economy provides a strong foundation for export-oriented industries, and acknowledges the Survey’s insights on challenges like geopolitical tensions, inflation and global slowdown. Indian exporters must remain agile and adaptive to evolving global demand patterns https://www.nseindia.com/.

FIEO’s key recommendations include:

Boosting Export Competitiveness: Simplification of procedures, reduction in transaction costs and adoption of innovation & technology.

Value-Added Exports: Moving up the value chain to enhance profitability.

Trade Infrastructure Development: Increased investment in ports, airports and logistics to improve efficiency.

MSME Support: Greater access to credit, technology upgradation and marketing assistance for Brand India.

Digitalization & Technology Adoption: Essential for improving efficiency and global market access. Fiinews.com

Tags: FIEO
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