News Banner
News & Announcements
President of FIEO welcomes new Foreign Trade Policy
Dt: Jan 12, 2015

Commenting on the announcement made by Commerce & Industry Minister through Annual Supplement of Foreign Trade Policy (FTP), Mr M Rafeeque Ahmed, President, Federation of Indian Export Organizations (FIEO) said that in the wake of contraction of global demand and impending Euro zone crisis , the support extended through FTP is tremendous and will help in imparting competitiveness to exports.


The extension of interest subvention to include processed agricultural products, ready made garments and toys & sports goods besides carpets, handicrafts, hand loom and SMEs till March 2013 is great relief to export sectors said Mr Ahmed.


Post export EPCG will help in reducing transaction and additional window may be availed by large number of companies who are averse to managing large documentation requirement of EPCG observed FIEO Chief.


The focus of policy is on North East which is a novel and excellent idea. The reduction of export obligation under EPCG to 25 % and 1% additional benefits exports through land customs will encourage manufacturing and boost border trade.


President FIEO welcomed domestic sourcing under status holder incentive scrip and agri incentive scrip which will help in utilization of these benefits and simultaneously provide level playing field to domestic manufacturers.


President, FIEO welcomed the support given to E commerce by extending exports benefits for shipment through Delhi and Mumbai and formation of a Committee to look into various aspects of E Commerce, which has great potential and can provide a direct selling platform to MSME exporters.


Federation of Indian Export Organizations (FIEO)

 
Events

No events found..

 
 
About PEA
PEA Profile
PEA vision
PEA Members
PEA Members
Executives Committee
Member Enquiry
Features
News
Fair & Events
Classifieds
City Profile
Destination PANIPAT
Supplier
Suppliers Area
Supplier Enquiry
Trade Leads Enquiry
Application
Yarn Market Rates
Advertisement
Currency Converter
Tax Calculator
Graphical Cluster Locator
Follow Us..
 
 
Downloads
 
 
All Rights Reserved © Copyright 2012 Designed and Maintained by Scintill Infotech